GBPUSD – Flat
On the daily chart above, there is a clear breach of price below a support zone (1.3803-1.3756),I expect today’s candle to close completely below the zone ,I also expect a pullback to it and a possible rejection of price within or around the zone for a decline in price towards 1.3507 or even a breakout below it for a further decline in price towards 1.3308 and 1.3050.I would advise you wait for the correction and the rejection of price within or around the zone to short GBP with your take profit at 1.31507 and stop loss around 1.3900.In case there’s a clear break out above the zone, only buy after a correction to the zone .
Wait for a pullback to (1.3803-1.3756) to short GBP with your take profit at 1.3507 and stop loss around 1.3900.
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