GBPUSD – Flat
While on an upward trend,GBP retraced at a support zone (1.4136-1.4109),recently price went below the zone and is currently rallying below it, I expect a correction of price to the zone to confirm a bearish momentum and a rejection at it to short the pair with my take profit at 1.3943 and the next at 1.3761,or even lower to 1.3491,Incase price breaks above (1.4136-1.4109),then ill advice you wait for a pullback to the zone before you buy GBP towards 1.4344,as long as price remains below the zone I expect bearish price movements. The lines to look for on this chart are 1.4344, 1.3943 and1.3761.
Wait for a pullback to (1.4136-1.4109), then short GBPUSD within it with your take profit at 1.3943 and stop loss at 1.4186.
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