01 April 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.
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