GBPUSD – Flat
After a breach below a support zone 1.3605-1.3560,GBP/USD retraced to it three times then rallied down up to a support 1.3302, it broke below it but was not contained then rose above it again. Currently price is rallying towards 1.3605-1.3560 and I expect a rejection of it within the zone for possible bearish movements of price towards 1.3302 and a breakout below it for a further decline in price towards 1.3054. I would advise you wait for a correction to 1.3605-1.3560 then short the pair within it with your take profit at 1.3302 and stop loss around 1.3722.Long positions may only be recommended above 1.3605-1.3560.
Wait for a retracement to 1.3605-1.3560 to short GBP with your ideal target at 1.3302.
101% Double the volume
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