GBPUSD – Flat
GBP/USD has been declining towards a key support line 1.3009 and is currently at it.I expect either a clear breach below it with a big red candle or a rejection at it followed by a correction to the resistance zone 1.3314-1.3279.If price is rejected at 1.3009 and pulls back to 1.3314-1.3279,you can short the pair within the zone with your ideal target at 1.3009 and stop loss slightly above 1.3314,and if there’s a breach below 1.3009 with a big red candle, wait for a correction to it before you sell the pair towards 1.2792. Only short positions can be recommended on the daily chart above.
Wait for a breakout below 1.3009.
Do you know against which currencies GBP is the most profitable?
More trading assets here…
You may check other analytical reviews on FreshForex website. Source: freshforex.com.