GBPUSD – Flat
On the 4H chart above ,GBP traded on an upward trend for the past months with retracements at 1.3491,1.3761,1.3943 and recently to zone (1.4136-1.4109)it then continued up and is currently rallying above it. I expect a rejection at it to long GBP with my take profit at 1.4344 and stop loss slightly below 1.4109.If price breaks below this zone then I expect a massive drop of price towards 1.3491,if that happens I would advise you wait for a retracement to the broken zone before you short GBP with your first take profit at 1.3943,the next at 1.3761 and 1.3491.Right now only buy positions can be advised within (1.4136-1.4109).
Buy GBP within zone (1.4136-1.4109),with your take profit at1.4344 and stop loss slightly below 1.4109
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