GBP/USD Long-Term Trend: Bearish
Key Resistance Levels: 1.3802, 1.3778, 1.3758
Key Support Levels: 1.3859, 1.3895, 1.3900
The price on the higher time frame is trending to the downside where the price shifted direction around the 1.4220 USD level. The pair succeeded to break several supports and currently it is traded below the 1.3859 USD mark which shows that the sellers are still in control.
GBP/USD Medium-Term Trend: Bearish
On the lower time frame the price managed to break bearish flag formation to the downside. A higher correction is expected to the lower end of the flag before a new impulsive wave to the downside in the same direction of the main trend.
Sell Limit Order @ 1.3834
TP 1 @ 1.3803
TP 2 @ 1.3778
Stop Loss @ 1.3846
Trade Safely 🙂