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Remain flat temporarily.

Remain flat temporarily. | 28 September 2018

28 September 2018, GBP/USD

Remain flat temporarily.

Technical observation

GBP/USD is pulling back to the resistance zone 1.3315-1.3281,I expect nothing but either a rejection of price within the zone for possible bearish momentum towards 1.2693, or a clear breakout above it with a big green candle followed by a correction to it for possible bullish movement of GBP towards the resistance line 1.3756 or even higher to 1.4098.Remain flat temporarily and wait for the correction to 1.3315-1.3281 then re-sell GBP/USD within it with your take profit at 1.2693 and stop around 1.3447,In case of a breakout above the zone ,buy GBP/USD within it after a correction to it with your take profit at 1.3756.

Technical levels

Resistance levels

R1.1.3221

R2.1.336

R3.1.3583

Pivot

1.3142

Support levels

S1.1.2998

S2.1.2915

S3.1.2693

Trade signal

Remain flat temporarily.

Do you know against which currencies GBP is the most profitable?

Remain flat temporarily.

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Imelda Maseno
Analyst of «FreshForex» company
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