GBPUSD – Flat
For the past few days, this pair has been rising steadily towards the resistance zone 1.3315-1.3281. Right now it is rallying below this zone and I expect arise to it followed by a bounce for possible bearish momentum towards 1.2904.I’m looking to sell this pair within the above mentioned zone with my take profit at 1.2904 and stop loss around 1.3447.Should there be a clear breakout above 1.3315-1.3281 with a big green candle, I’ll wait for a correction to it confirming upwards momentum of price before I buy GBP towards the line 1.3746.Right now, I will remain flat temporarily and wait for a close within 1.3315-1.3281 to sell GBP.
Wait for a close within 1.3315-1.3281 to sell GBP.
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