FX.co ★ GBP/USD

The GBP/USD price continued its corrective decline yesterday that started on Thursday. As a result, it managed to reach the 1.3422 level. I had planned my buys from the support zone around 1.3380–1.3400, but the price did not get there. It may happen at the start of the next trading week, and then I will open long positions on the pair. I still expect the uptrend to resume towards the recent high at 1.3558. I assume that buyers will be able to break higher into the mid-1.36 area as early as next trading week. That is exactly where I would like to try the first short positions, and until then, buying remains the priority.