Naturally, a lot will depend of the fundamental factors surrounding the UK & US over the coming weeks, but certainly as things stand, from a technical perspective the GBP/USD pair remains bearish overall, at least whilst it remains below 1.4. We welcome pullbacks towards this area to provide short entries on lower time frames to capitalise on a further decline towards 1.21-1.23 target region.
As always, plan your trade and trade your plan.
Hemal Pandya is an independent forex trader specialising in short-term and medium-term trading opportunities. As managing director of Alpha Markets, Hemal runs various Forex training courses and mentorship programs, and operates the Alpha Trading Floor: www.alphatradingfloor.com