28 June 2018, GBP/USD
Technical observation
GBP/USD is still declining steadily towards the support 1.3054, I expect a decline in price towards it and a possible breakout below it followed by a correction to it for downwards movement of price towards the support 1.2792.If you are already in a trade, remain short towards 1.3054.In case of a clear breach below 1.3054, wait for a correction to it to confirm price is still short before you continue short with the pair. In case you had not sold it yet, wait for a breakout below 1.3054 followed by a correction to it to short GBP/USD with your ideal target at 1.2792.Right now, remain short.
Technical levels
Resistance levels
R1.1.3308
R2.1.3335
R3.1.3405
Pivot
1.3268
Support levels
S1.1.3237
S2.1.3194
S3.1.3124
Trade signal
Remain short.
101% Double the volume