GBPUSD – Flat
GBP/USD has been trading on a downward trend, it went down a support zone 1.3805-1.3755 with a big red candle but just like EUR it has not corrected to the zone. Currently price is at a resistance line 1.3562, it was rejected from the it yesterday right now it is showing signs of bearish movements towards 1.3302, I’m looking to short GBP now with my take profit at 1.3302 and stop loss around 1.3664.In case price breaks above 1.3562 then is rejected at 1.3805-1.3755, you can still short GBP within the zone towards 1.3562.Only buy GBP if there’s a clear breach above 1.3508 with a big green candle and a correction to it.
Short GBP/USD now with your take profit at 1.3302 and stop loss around 1.3664.
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