14 September 2023, GBP/USD
Technical observation
GBP broke below the supportive zone 1.2635-1.2571 with a big red candle and it is still trading with an increasing bearish bias, however, I expect a loss of this downwards movement followed by a correction to the zone indicated above and a rejection within it. My advice, remain neutral and wait for a second retracement to the zone I mentioned earlier then sell a bounce within it with your take profit at 1.1688 and stop-loss at 1.2998. If there is a clear break below the level 1.1688 with a big red candle I expect the price to decline further towards the supportive level 1.0363 or lower.
Trade recommendation
Remain neutral.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 