01 Abril 2019, GBP/USD
Technical observation
GBP declined to the supportive line 1.2970 but failed to penetrate below it, currently price is pulling back to the resistance zone 1.3225-1.3208 and I expect a rejection within it to re-sell this pair with my take profit at 1.2970 and stop loss at 1.3269, however, should price fail to correct to 1.3225-1.3208 but instead break below the key line 1.2970, downwards movement of this pair towards 1.2704 or even lower to 1.2484 can be anticipated .You can wait for a correction to 1.2970 after a breakout below it and a rejection at it to confirm possible bearish price rally before you sell GBP with your take profit 1.2704 and stop loss at 1.3020.
Trade recommendation
Remain flat.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 