Wait for a retracement to 1.3605-1.3560 | 06 Junio 2018

06 Junio 2018, GBP/USD

Wait for a retracement to 1.3605-1.3560

Technical observation

After a breach below a support zone 1.3605-1.3560,GBP/USD retraced to it three times then rallied down up to a support 1.3302, it broke below it but was not contained then rose above it again. Currently price is rallying towards 1.3605-1.3560 and I expect a rejection of it within the zone for possible bearish movements of price towards 1.3302 and a breakout below it for a further decline in price towards 1.3054. I would advise you wait for a correction to 1.3605-1.3560 then short the pair within it with your take profit at 1.3302 and stop loss around 1.3722.Long positions may only be recommended above 1.3605-1.3560.

Technical levels

Resistance levels

R1.1.339

R2.1.343

R3.1.3539

Pivot

1.3324

Support levels

S1.1.3281

S2.1.3213

S3.1.3104

Trade signal

Wait for a retracement to 1.3605-1.3560 to short GBP with your ideal target at 1.3302.

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus