Sell Gbp upon a bounce from 1.3461. | 14 June 2018
14 June 2018, GBP/USD
Technical Observation:
A key 4 hour resistance line can be seen at 1.3461. Unless the price clearly breaks above this line, with a big green candle, I'm waiting for a bounce from this line, 1.3461 to pick a short position with my first take profit at 1.3233. Should the price break above it, then I'll wait for a retracement to the just broken line to buy Gbp with my first take profit at 1.3599 and the next take profit at 1.3920. As it is on the 4 hour chart, expect an upward rally towards 1.3461.
Technical Levels
Resistance levels
R1: 1.3433
R2: 1.3486
R3: 1.3583
Pivot
1.3388
Support Levels
S1: 1.3194
S2: 1.3292
S3: 1.3335
Trade Signal
Sell Gbp upon a bounce from 1.3461.
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.
