Recently, the GBP/USD has been trading downwards. As I expected, the price tested the level of 1.3363. According to the 15M time frame, I found a breakout of yesterday’s low at the price of 1.3410, which is a sign that sellers are in control. I placed Fibonacci expansion from most recent swings to find potential downward targets. I got FE 100% at the price of 1.3330 and FE 161.8% at the price of 1.3270.
Trading recommendations for today: watch for potential selling opportunities.