19 tháng Tám 2021, GBP/USD
Technical observation
GBP retraced to a resistance zone it established at 1.3769-1.3758 but it could not break above it, price bounced within the zone and is currently trading with an increasing bearish bias. I expect this downwards movement to continue to the supportive level 1.3570 followed by a break below it with a big red candle, or a bounce at it followed by a retracement to the zone I mentioned above. If you picked short positions within the zone 1.3769-1.3758 after a bounce, remain short with your take profit at 1.3570 and stop loss at 1.3810. As long as GBP is contained below the zone 1.3769-1.3758, I can only recommend short positions for this pair.
Trade recommendation
Remain short with your take profit at 1.3570.
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