GBPUSD – Flat
Technical observation
The pair on the daily chart above recently broke down below a support zone (1.4072-1.4023) with a big red candle, The pair was then corrected to the zone with a bullish pin bar tail then price went down, right now GBPUSD is pulling back to the resistance zone and I expect a possible rejection of it at the zone and further decline In price towards 1.3786 and if this key line gets broken too then I expect price to continue down to 1.3304 or even lower to 1.3049.right now only short positions look ideal and can be advised around (1.4072-1.4023) with your first take profit at 1.3786 and the next at 1.3304 and your stop loss around 1.4188
Technical levels
Resistance levels
R1.1.3953
R2.1.4082
R3.1.4306
Pivot
1.3862
Support levels
S1.1.373
S2.1.3636
S3.1.3412
Trade signal
Short GBPUSD around (1.4072-1.4023) with your first take profit at 1.3786 and your stop loss around 1.4188.
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