Long GBP/USD within 1.3297-1.3188 | 09 July 2018

Technical observation

The pair on the daily chart above has been trading above a support zone 1.3297-1.3188 with three retracements to it.Last weeks’ candle was bullish but it did not rise high, right now, price is correcting to the 1.3297-1.3188 and I expect a rejection of it within the zone for possible bullish momentum towards 1.4615.Long GBP/USD within 1.3297-1.3188 with your ideal target at 1.4615 and stop loss slightly below 1.3188.In case of a clear breach below 1.3188,wait for a correction to it to ensure bearish movements of price before you short the pair towards the supportive line 1.2003.

Technical levels

Resistance levels

R1.1.3354

R2.1.3422

R3.1.3619

Pivot

1.3224

Support levels

S1.1.3157

S2.1.3027

S3.1.283

Trade signal

Long GBP/USD within 1.3297-1.3188 with your take profit at 1.4615 and stop loss slightly below 1.3188.

101% Double the volume