FX.co ★ GBP/USD

Hello traders, The GBP/USD pair has already dropped below the key support level of 1.3366, which was my target to the downside on both the four-hour and daily timeframes. Now that the price is below this level, trading at 1.3363, there should no longer be any buy trades. I don't expect a sharp reversal to the upside, so it is important to wait for today's daily candle to close. Currently, we can only see a tail of a candle that will close above the 1.3366 level in the future. In general, I am not in the market for the GBP/USD pair at the moment. Buy trades will only be considered tomorrow if we are above the 1.3366 level; otherwise, the pair will continue to fall freely to the south.