FX.co ★ TST as the Foundation for Medium-term Trading

Hello traders, we have figured out the resistance on the weekly timeframe for GBP/USD. For this pair, the area around 1.3200 can be noted, and even a correction can be considered there. It's worth mentioning two strong H1 supports here, which are already anticipating a price increase. I will wait for movement towards 1.3200, where we have the upper limit of the blue range. Ideally, and it's likely to happen, I aim to catch a selling opportunity on the H4 pullback from there and start a continuation of the downward movement. However, if we have already started correcting today, upon the appearance of a selling signal on the H4, we can look for a new short position.