18 Julio 2018, GBP/USD
Technical observation
Yesterday GBP/USD went down as predicted towards the support 1.3050 and is still rallying towards it.I expect a breach below 1.13050 followed by a correction to it for possible bearish momentum towards 1.2775.If you went short yesterday within the resistance zone 1.3317-1.3276 remain in the trade with your ideal target at 1.3050.In case of a break below 1.3050 then I expect surge to the lower side, wait for a correction to it then continue short with the pair towards 1.2775.If you are not short now, wait for a breakout below 1.3050 followed by a correction to it then short the pair with your target at 1.2775.
Technical levels
Resistance levels
R1.1.3284
R2.1.3332
R3.1.3471
Pivot
1.3195
Support levels
S1.1.3145
S2.1.3055
S3.1.2916
Trade signal
Remain short.
Do you know against which currencies GBP is the most profitable?More trading assets here...