The GBPUSD pair trend is bearish in the near term as the pair is down from 1.3550 to 1.3300 during the last three weeks and during this decline, GBPUSD broke the medium term uptrend line that started from the 1.3050 level.
GBPUSD is testing the near term bearish trend line for the third time near the 1.340 level, which represents an opportunity and trading signals to sell the pair as the preferred trading strategy for the trend line as provided by the technical analysis is to follow the trend and selling after the success of the trend line to serve as the resistance level for the third time for the pound dollar/ The reversal candle pattern known as the shooting star pattern has appeared on the hour chart
Forex technical summary and GBP/USD forecast and trading recommendations
It is preferable to sell GBP/USD as long as the GBP/USD is below 1.3470 so gold pattern website presents sell GBP/USD trading signals immediately, free and live GBP/USD
sell @ 1.3410
tp1 @ 1.3340
tp2 @ 1.3290
sl @ 1.3450