Short within 1.3056-1.3025 | 13 September 2018
13 September 2018, GBP/USD
Technical observation
The pair on the daily chart above is within a resistance zone 1.3056-1.3025, price was rejected yesterday and could not penetrate above it. Right now it is on a bearish bias and I expect a decline towards 1.2687 and a possible breakout above it for a further decline in price. You can short the pair now within the zone with your take profit at 1.2687 and stop loss slightly above 1.3956.Continue short with the pair after a breakout below 1.2687 followed by a correction to it. Should there be a breach above 1.3056-1.3025 with a big green candle, wait for a correction to it before you pick long positions towards 1 .3319.
Technical levels
Resistance levels
R1.1.2994
R2.1.3072
R3.1.3192
Pivot
1.2957
Support levels
S1.1.2873
S2.1.2831
S3.1.271
Trade signal
Sell GBP/USD within 1.3056-1.3025 with your take profit at 1.2687 and stop loss slightly above 1.3956.
Do you know against which currencies GBP is the most profitable?
More trading assets here...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.
