As I mentioned in my previous analysis that rally in GBPUSD pair is showing signs of exhaustion and the pair is looking for lower correction and that exactly happened in a small crash on Thursday and the pair met my first two targets before coming back to 1.3020 level to provide traders another opportunity to sell. I recommended to sell the pair near 1.3050 levels and those SHORTS will be in profits now. Right now GBPUSD pair is around 1.2990 level and here is another opportunity for the those traders who missed their short positions on Thursday. From a technical point of view, we can see that RSI is making lower lows and lower highs, Stochastic is also rolling over and giving bearish signals which is also confirming that GBPUSD rally is out of steam and looking for a big down move of at least 200 pips. GBPUSD is at its major cloud resistance at 1.3060 plus the old pivot point. It looks highly unlikely to break that level decisively and settle above it so My today's trading recommendation is to SELL the pair at 1.30 with a stop loss just above the 1.3060 and take profit at 1.2750-1.2800.
GOOD LUCK.
GOOD LUCK.