Remain flat | 03 Julio 2018

03 Julio 2018, GBP/USD

Remain flat

Technical observation

The pair on the daily chart above broke below a support zone 1.3317-1.3283, price then corrected to it twice and went down. It rallied up to the support 1.3057 but could not penetrate below it.Right now GBP is between 1.3317-1.3283 and the line 1.3057 and i expect either a correction to 1.3317-1.3283 and a rejection of price within the zone for downwards movement of price, or a breakout below 1.3057 followed by a correction to it for possible bearish momentum of price. My advice, remain flat now and wait for either to short the pair. As long as price remains below 1.3317-1.3283, only short positions can be recommended on the chart above.

Technical levels

Resistance levels

R1.1.3308

R2.1.3334

R3.1.3404

Pivot

1.3264

Support levels

S1.1.3238

S2.1.3194

S3.1.3124

Trade signal

Remain flat.

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