16 May 2018, GBP/USD
Technical observation
On the chart above, GBP/USD retraced at a resistance line 1.3562 several times, Yesterday i predicted a sell trade from it and it went I predicted, If you sold GBP/USD already I would advise you remain in the trade towards 1.3302,if you had not sold it yet, you can still sell it now with your take profit at 1.3302 and stop loss around 1.3699.In case of a breakout below 1.3302,remain short with GB P towards 1.3054. Right now bears are charged and only short positions can be recommended. Long positions can only be recommended in case of a clear breakout above 1.3805-1.3755 with a big green candle.
Technical levels
Resistance levels
R1.1.3592
R2.1.3641
R3.1.3736
Pivot
1.3549
Support levels
S1.1.3497
S2.1.3452
S3.1.3358
Trade signal
Remain short.