GBPUSD – Flat
The pair on the daily chart above recently broke down below a support zone (1.4072-1.4023) with a big red candle, The pair was then corrected to the zone with a bullish pin bar tail then price went down, right now GBPUSD is pulling back to the resistance zone and I expect a possible rejection of it at the zone and further decline In price towards 1.3786 and if this key line gets broken too then I expect price to continue down to 1.3304 or even lower to 1.3049.right now only short positions look ideal and can be advised around (1.4072-1.4023) with your first take profit at 1.3786 and the next at 1.3304 and your stop loss around 1.4188
Short GBPUSD around (1.4072-1.4023) with your first take profit at 1.3786 and your stop loss around 1.4188.
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