GBPUSD – Flat
GBP/USD is still rallying below the resistance zone 1.3417-1.3308,I expect a retracement to it followed by a bounce within it for possible bearish movement towards 1.1990.My advice, wait for a pull back to 1.3417-1.3308 then re-sell this pair within it with your take profit at 1.1990 and stop loss slightly above 1.3417.If this take profit is hit and there’s a clear break below it with a big red candle, wait for a correction to it before you continue short with GBP.As long as price remains below 1.3417-1.3308,only short positions can be advisable on the weekly chart above, long positions may only be recommended above 1.3417 towards 1.4615.
Wait for a correction to 1.3417-1.3308 to sell GBP.
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