FX.co ★ Comprehensive Analysis in Trading: Mastering Methodologies

We closed yesterday's trading day near the resistance level at 1.3477. I assume that at the start of the next trading week, we will see a breakthrough further to the north towards new highs. It is likely that they will be able to break through the next resistance level at 1.3500. In this scenario, I will only consider selling the GBP/USD pair around 1.3530. Today, negotiations between the USA and Iran will begin, and the outcome of these talks will definitely impact the market opening on Monday. In case of a positive outcome, I expect a northern gap, and it is quite possible that selling opportunities will be interesting upon closing this gap. Engaging in buying is no longer an option, a correction is needed.