The GBP/USD has bounced from our Identified support zone on a 60 minute time frame. The support zone was given in our analysis last week. However, we do not have the 1:1 or 2:1 ratio, therefore it may not be a good idea to move the stop to break even because according to the trading methodology, it is important that we at-least reach the 1:1 risk o reward ratio before we can move the stop loss to break even. The pair is still trading below the downward trend line and as long s we do not break above this line, the trend remains towards he downside.
The RSI indicator is trading in an overbought zone, which means that the bias could be for a slight correction before we continue our trend.