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Short GBP/USD now

Short GBP/USD now | 26 June 2018

26 June 2018, GBP/USD

Technical observation

Recently,GBP/USD broke below a support zone 1.3314-1.3280 with a big red candle, price retraced to the zone before rallying down towards the support 1.3054 but could not reach it and was rejected, it then pulled back to 1.3314-1.3280 and is currently within it.I expect a rejection of price within the zone for possible bearish movement towards 1.3054 and a breakout below it for a further decline towards 1.2792.I would advise you short the pair right now within the zone with your first take profit at1.3054 and the next at 1.2792 with your stop loss slightly above 1.3314.Only short positions may be recommended on the chart above.

Technical levels

Resistance levels

R1.1.3308

R2.1.3335

R3.1.3405

Pivot

1.3264

Support levels

S1.1.3237

S2.1.3194

S3.1.3124

Trade signal

Short GBP/USD now with your take profit at 1.3054 and stop loss slightly above 1.3314.

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Imelda Maseno
Analyst of «FreshForex» company
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