27 июня 2019, GBP/USD
Technical observation
On the chart above, GBP has been rallying downwards from a resistance zone 1.2763-1.2747and right now it is trading below it. I expect either a correction to and a rejection within it for bearish price rally, or a rise to it followed by a clear breakout above it and a retracement. My advice, remain flat and wait for a correction to 1.2763-1.2747, in case of a rejection within it re-sell GBP within the zone with your take profit at 1.2580, however, if price is not rejected within the zone but clearly breaks above it, wait for a retracement to it confirming possible bullish movements before you buy GBP with your take profit at 1.2914.
Trade recommendation
Remain flat.
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