Short | 25 August 2017
25 August 2017, GBP/USD
Technical Observation
After breaking below the support line 1.2848, Gbp retraced back to the same zone but go rejected, I'm waiting for a second pullback to this line to pick a short position towards 1.2765. As it is, Gbp is still bearish and could plummet further towards 1.26 or even lower. On the way down, a key support can be seen around 1.2752, wait for this support to be broken to pick a short order.
Technical levels:
Resistance levels R31.28815 R21.28577 R11.28271 Pivot 1.28043 Support Levels S11.27727 S21.27489 S31.27183
Trade Signal
Short GBP around 1.2848.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
