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Sell GBP/USD within 1.3315-1.3281.

Sell GBP/USD within 1.3315-1.3281. | 26 Septiembre 2018

26 Septiembre 2018, GBP/USD

Technical observation

GBP/USD is rallying on an increasing bullish movement towards the resistance zone 1.3315-1.3281, I expect a loss of this momentum within the zone followed by possible downwards movement of price towards 1.2693,Im waiting for a bounce within the zone to pick short positions within it with my take profit at 1.2693 and stop loss slightly above 1.3315.Should price breach above this zone with a big green candle, wait for a correction to it to confirm possible bullish movement of GBP before you pick long positions within it with your ideal target at the resistance line 1.3756 or even higher towards the upper resistance 1.4098.

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

Sell GBP/USD within 1.3315-1.3281.

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

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Imelda Maseno
Analyst of «FreshForex» company
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