Technical Analysis Based on Breakout – Short Gbp Now towards 1.3220

GBPUSD – Flat Technical Observation: After descending below 1.3366-1.3325, Gbp is currently pulling back to the same zone in a consolidating matter. Unless there’s a clear breakout above this zone with a big green candle, I expect a rejection from this zone to short Gbp towards the hourly support line seen at 1.3320. If the price breaks above 1.3366 with a big green candle, then this will be a confirmation that the price will continue to rise towards 1.3540 or even higher. As it is, only a sell position can be advised with a take profit at 1.3320. Technical Levels Resistance levels R1: 1.3406 R2: 1.347 R3: 1.3645 Pivot 1.3296 Support Levels S1: 1.2947 S2: 1.3121 S3: 1.3232 Trade Signal Short Gbp Now towards 1.3220
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