The GBPUSD pair didn't withstand the pressure of a strong dollar
The power of the American dollar was able to move many rates off the ground and reverse trends.
The British pound also could not withstand the pressure and fell in price. Judging by the dynamics of the trend, this is not the end of the fall. The price has a range to the first flat support level of 1.3300.
Therefore, we will open a short position with a target of 55 pips as soon as the price breaks the low of the fractal.
Order Type: Pending Order - Sell Stop
Entry Price at 1.3355
Take Profit at 1.3300
Pips Earning: 55
Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1120
USDJPY buy at the price of 115.70
BTCUSD sell at the price of 35500.00
USDCHF buy at the price of 0.9210
Trading recommendation for the currency pair
The profit can be $550.00 if the trading volume of 100000 USD (1 Lot).