25 June 2020, GBP/USD
Technical observation
GBP was not contained above the supportive zone 1.2497-1.2479 it recently penetrated with a big green candle. However, yesterday price broke below the same zone and is currently trading with an increasing bullish momentum. This upwards movement is a correction to the just broken zone and my expectation is a loss of this movement within the zone for possible bearish price rally towards the key level 1.2225. My advice, remain neutral with this pair and wait for a correction to the zone 1.2497-1.2479 and a rejection within it to pick short positions with your take profit at 1.2225 and stop loss at 1.2567.
Trade recommendation
Remain neutral.