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

Let's look at gbp/usd. The channel has broken through, which is not good, as we see the mandatory zone at the lower channel boundary, which is also not good. In this scenario, we may be taken to the day's balance area at 1.3668. If that happens, I will look for new opportunities to go short. Technically, today there are indirect signs of a decline, but I won't go into selling at this level even for a couple of days. I will stick with what we have, and if we manage to reach the KTL at 1.3512, it will be important to continue the decline after a short correction tomorrow. But we will see about that.