21 Juni 2021, GBP/USD
Technical observation
Just like EUR, GBP broke below a supportive zone 1.4012-1.4003 with a big red candle then retraced the just broken zone but could not break above it; price was sustained below the zone and then rallied downwards to the supportive level 1.3799. I expect a correction to the zone I have mentioned above followed by a rejection within it to sell GBP with my take profit at 1.3799 and stop loss at 1.4065. In case of a clear breakout below the key level 1.3799 with a big red candle, wait for a correction to the just broken line confirming further bearish movements of price before you continue short with this pair towards the supportive level 1.3518.
Trade recommendation
Remain flat.