GBPUSD – Flat
Technical observation
The pair on the daily chart above is within a resistance zone 1.3056-1.3025, price was rejected yesterday and could not penetrate above it. Right now it is on a bearish bias and I expect a decline towards 1.2687 and a possible breakout above it for a further decline in price. You can short the pair now within the zone with your take profit at 1.2687 and stop loss slightly above 1.3956.Continue short with the pair after a breakout below 1.2687 followed by a correction to it. Should there be a breach above 1.3056-1.3025 with a big green candle, wait for a correction to it before you pick long positions towards 1 .3319.
Technical levels
Resistance levels
R1.1.2994
R2.1.3072
R3.1.3192
Pivot
1.2957
Support levels
S1.1.2873
S2.1.2831
S3.1.271
Trade signal
Sell GBP/USD within 1.3056-1.3025 with your take profit at 1.2687 and stop loss slightly above 1.3956.
Do you know against which currencies GBP is the most profitable? 
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