GBPUSD – Flat
Recently, there was a clear breach below the support 1.3009, price is currently correcting to the just broken line and I expect a bounce of it from the line for possible bearish momentum towards the support 1.2792 and a possible breakout below it for a further decline in price. Wait for the correction to 1.3009 and rejection at it then short GBP at the line with your take profit at 1.2792 and stop loss around 1.3125.In case of a breach below 1.2792, wait for a correction to it before you continue short with the pair. Only short positions look ideal and can be recommended on the daily chart above.
Wait for a correction to 1.3009 to short GBP/USD
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