We got stopped at breakeven for the last trade as 50% fibonacci level held up. Expecting bullish run at least to the first resistance at 1.33000
Lower trendline of bullish trend has been broken and the price has come back to retest the level which gives us a nice entry for a sell trade. Also there is fundamental pressure on GBP as Boris Johnson quits the office in England. This is a nice small risk high reward trade as always from me, suggest putting SL a bit above the highs of previous couple of hours....
Previous resistance in the area around 1.33000 has been broken and the price is coming down to test it as a new support. This offers a good buy opportunity for us to regain our 15 pip loss with the previous sell setup. We are buying GBP/USD in the area 1.32950-1.33150 with the stop loss below previous short-term swing low at the 1.32800
It's retracement week for the GBP/USD. Upside continuation is expected after that. Exact entries will be confirmed with price action.