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13.08.202011:36 Forex Analysis & Reviews: GBP/USD - cancel the short scenario

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Exchange Rates 13.08.2020 analysis

Good afternoon traders! An analysis of the GBP / USD pair.

Following the idea presented yesterday , the quote declined to a price level of 1.3 and falsely broke the lows of the previous days:

Exchange Rates 13.08.2020 analysis

Because of this, holding short positions is not the best action at the moment, so take profit now and wait for further signals for this instrument.

Good luck and have a good day!

Andrey Shevchenko
Analytical expert of InstaForex
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