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

On GBP/USD, there is no sign of a decline, even though in the long term, we are already sky-high and it's time not just to descend, but to turn into a long-term drift. Today, there is no mandatory zone on the levels to latch onto, in either direction. Looking at the chart, a correction is clearly visible with a subsequent move towards around 1.40xx following the blue scenario. I wouldn't mind if they pull it down to the key trend line and below, but today I don't see this as a possible move.