On the GBPUSD chart, we can see that the pair has bounced off the key downside resistance confluence 1.3150 level. Still the overall trend is the downside and you should use this bounces to wait for short trade entries as long as the pair is below the 1.3430 level.
Note: look for the short trade entries if the pair reaches the 1.3350-1.3400 zone. Long trade entries are recommended only on a daily close above the 1.3380 level.
