30 June 2020, GBP/USD
On the chat above, price has been declining steadily and is currently trading above a supportive zone 1.2192-1.2161. If you sold this pair within the zone 1.2634-1.2601, hold on to that position and pick your profits at the supportive line 1.2192. My expectation is a loss of this bearish rally within the zone 1.2192-1.2161. However, in case price does not bounce within it and instead penetrates below with a big red candle, wait for a pullback to the just broken zone and a rejection within it to confirm a further surge to the lower side before you sell GBP with your take profit at 1.1464 and stop loss at 1.2343.
Remain short with your take profit at 1.2192.