Flat | 06 July 2017

06 July 2017, GBP/USD

Flat

Technical Observation

Gbp failed to sustain the breakout below the neckline, 1.2922, instead, the price oscillated below 1.2922 for a couple of hours and then back above. I'm flat temporarily waiting for a clear breakout below 1.2922 to continue short towards 1.2819. On the hourly chart above, Gbp looks a bit bullish, but from the double top point of view formation, I expect a drop towards 1.2819 upon a clear break below 1.2922.
Technical levels:
Resistance levels
R1: 1.2942
R2: 1.2951
R3: 1.2972
Pivot
1.2931
Support Levels
S1: 1.289
S2: 1.2911
S3: 1.2922
Trade Signal
Flat

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .