The price to reach the point as marked at 7 Feb 2020 most likely, the daily candle stick again bounced from the area where the flag was made in the previous months. Various analysis as done suggests that throughout the forecast the price level; 1.30889 will obstruct the long. Additional position to be open after analyzing how the price reacts on this level.
Using the method of leveling, this is the way path for GBPUSD today.
The economic factor of GBP economic co-oping up can be valuable to this path.
*Heads up for the news report of GBP (High Street Lending)
The basic use of Zone Trading, pre-existed trend was broken and during these cases likely to retest the zone around 0.69383. As market moves in pattern forming the pattern of Head and Shoulder if formed around this level is a strong confirmation for the short.
And many more..