As can be seen from the above graph, the Pound has struggled to break the resistance found on the 1.3090 price range (We have not added a line of support because there is no clear model) Since we are very close to the resistance line, our recommendation will be a sell position with a target of several tens of pips of profit
Sell GBP/USD
Entry Price: 1.3079
stop Loss: 1.3120
Take Profit: 1.3020
Sell GBP/USD
Entry Price: 1.3079
stop Loss: 1.3120
Take Profit: 1.3020
Trade closed: stop reached:
41 pips of loss :(