FX.co ★ Comprehensive Analysis in Trading: Mastering Methodologies

The trading week on the GBP/USD chart started with growth. The price has added about 30 points since the market opened. The negative news that came over the weekend did not affect the situation or the balance of forces. I assume that we are still in for an upward correction in the foreseeable future toward the significant resistance zone around 1.3300. Accordingly, I will only be ready to consider selling the pair from there. From that area we may get a new downward wave with the prospect of breaking the current support zone around 1.3160–1.3180. In that case, the next target will be the round support at 1.3000.