GBPUSD – Flat
The pair on the daily chart above was rejected at 1.2693 and is currently pulling back to 1.3317-1.3281, I expect nothing but a rejection of it within the zone for bearish movement of GBP towards 1.2693 and a possible breakout below it for a further decline in price. I’m waiting for the pullback to the zone and looking to short this pair within it with my take profit at 1.2693 and stop loss slightly above 1.3317.Should there be a clear break above 1.3317 with a big green candle, wait for a retracement to it confirming bullish momentum of price before you buy this pair towards the resistance 1.3756 or even higher towards 1.4238.
Wait for a correction to 1.3317-1.3281 to sell GBP/USD.
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