18 Juni 2019, GBP/USD
Technical Observation
GBPUSD is still trading in an active downtrend. While the price is contained below the two simple moving averages, I expect a possible decline further to towards 1.25065 and may breakout lower. If you're looking for forward to trading this pair during this intraday, the best option is to wait for a retracement back towards 1.25670 to pick a sell, or a breakout below 1.25265 to pick a long term sell. According to the hourly chart attached, a breakout below 1.25265 will offer a good place to look for a long term sell.
Trade Signal
Sell GBPUSD below 1.25265 with your take profit at 1.2405.