Before short-term trading strategy, I would like to remind our midterm prediction. The main trend is still and 1.3671 is the first target of the GBPUSD .
Daily Indicators are still . Price is above 100 and 50.
Short term :
1.33000 – 1.33600 is the indecisive zone. Friday, Cable hit 1.33000 ( Fibonacci 50% ) and reacted at the support.
As seen on the chart, we have a . 1.33600 – 1.33000. GBPUSD will test 1.33600. If Cable breaks and makes H1 closings above 1.33600 resistance, 1.3400, 1.34200 and 1.34600 will be the targets.
If it fails to break the resistance at 1.33600, it will re-test 1.33000.