02 Juli 2020, GBP/USD
Technical observation
On the daily chart above, price did not break below the supportive zone 1.2215-1.2194; instead, it bounced above it and is currently trading with an increasing bullish momentum. This bullish movement is correction to the resistance zone GBP established around 1.2781-1.2753 and I expect a rejection within it to re-sell GBP. Remain neutral with this pair and wait for a pullback to the zone 1.2781-1.2753 band a bounce within it to sell GBP with your take profit at 1.2215 and stop loss at 1.2963. You can only anticipate upwards movement of price above the zone 1.2781-1.2753 towards 1.3290.
Trade recommendation
Remain flat.