GBPUSD is testing a vital bounce area
GBPUSD is testing the 1.3300-1.3350 zone. A confirmed bounce here will lead to a higher reversal and a test of 1.3600. A confirmed break below 1.3300 will lead to a downside extension and a test of 1.3000. The bullish line in the sand is 1.3300. If the pair holds this level, we will still be in the second wave of an impulsive upside reversal as the first wave has finished with five waves up, reaching 1.4300 and pulling back.
Note: look for the long trade entries with the stop loss below 1.3000
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