GBPUSD – Flat
Recently, GBPUSD broke below a support zone 1.3805-1.3753, price then rallied towards a support line 1.3508 but could not penetrate below it sand was rejected. Currently it is correcting to the zone and I expect a rejection of it from the zone for possible bearish momentum towards 1.3508 and breakout below it for a further decline in price. I waiting for the retracement to the zone to short GBPUSD within it with my take profit at 1.3508 and stop loss around1.3915.In case of a clear breakout below 1.3508, Remain short with GBP after a correction to it.Only buy if there’s a clear breach above 1.3508-1.3753.
Wait for a correction to 1.3508-1.3753 to sell GBPUSD.
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