# GBP/USD Trend Play (June 28, 2013) Source: https://www.tradersway.com/resources/market-info/gbp-usd-trend-play-june-28-2013/ Language: en Updated: 2013-06-28 Description: Explore GBP/USD Trend Play (June 28, 2013). GBP/USD is still on a. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. GBP/USD is still on a steady downtrend on its 1-hour time frame, as the pair is moving below a falling trend line connecting its recent highs for the month. The pair appears to have bounced off the 1.5200 major psychological support, but this might just mean that a correction is in the works. If that’s the case, the pair could pull up to the Fib levels which are in line with the trend line. In addition, the 50% Fib seems to be in line with a former support area, which could act as resistance from now on. Stochastic is still climbing, suggesting that there’s enough upward momentum to push for a retracement. ![GBP/USD Trend Play (June 28, 2013)] Shorting around the 1.5300 area with a tight stop and a target of 1.5200 would yield a good reward-to-risk ratio for a day trade. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/gbp-usd-trend-play-june-28-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/gbp-usd-trend-play-june-28-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/gbp-usd-trend-play-june-28-2013/", "headline": "GBP/USD Trend Play (June 28, 2013)", "inLanguage": "en", "datePublished": "2013-06-28T09:33:25+00:00", "dateModified": "2013-06-28T09:33:25+00:00", "articleSection": "Market Info", "description": "Explore GBP/USD Trend Play (June 28, 2013). 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