Recently, the GBP/USD pair has been trading sideways at the price of 1.3511. According to the H1 time – frame, I found rejection of the supply trendline in the background, which is a sign that buying looks risky. I also expect the end of a bullish corrective phase (abc), which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3460 and at the price of 1.3420.
Trading recommendations for today: watch for potential selling opportunities.
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Source:: GBP/USD analysis for May 17, 2018