FX.co ★ GBP/USD pair is expected to further fall

Yesterday's closing of the daily candle on the GBP/USD pair occurred below the Weekly Control Zone of 1/2 1.3740-1.3723. There is a 75% probability of continuing the decline. Any growth should be used to find a pattern to sell the instrument.

It is necessary to utilize every method to be able to find a favorable selling price. This is the basis for building a trading plan. Apparently, the Weekly Control Zone 1/4 13734-1.3726 is a good resistance zone. Testing it will allow us to consider the selling patterns of GBP/USD. The downward target is the WCZ of 1.3568-1.3534. Sales will have a favorable risk-to-profit ratio.

The downward movement may continue earlier. In addition, the pound does not have to go into a deep correction. Therefore, the absorption pattern on the M30-H1 timeframe can be considered for selling at any point of growth.