13 Abril 2018, GBP/USD
Technical Observation:
GBP is currently trading above its daily pivot line but below a key resistance line 1.4240. Despite the previous surge to the upper side, unless the price clearly breaks above the 1.4240 with a big green candle, this is a clear sellers zone. and therefore, I choose to hunt for potential sell orders here with my first take profit at 1.3998 and the next take profit at 1.3805. If you're a bit scared to short now, you could wait for a break below the supportive trend line, then a pullback to the same trend line then sell, as indicated on the chart above. Technical Levels Resistance levels R1: 1.4271