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We're short

We're short | 28 June 2018

28 June 2018, GBP/USD

We're short

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.

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Imelda Maseno
Analyst of «FreshForex» company
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