Remain flat temporarily. | 28 September 2018
28 September 2018, GBP/USD
Technical observation
GBP/USD is pulling back to the resistance zone 1.3315-1.3281,I expect nothing but either a rejection of price within the zone for possible bearish momentum towards 1.2693, or a clear breakout above it with a big green candle followed by a correction to it for possible bullish movement of GBP towards the resistance line 1.3756 or even higher to 1.4098.Remain flat temporarily and wait for the correction to 1.3315-1.3281 then re-sell GBP/USD within it with your take profit at 1.2693 and stop around 1.3447,In case of a breakout above the zone ,buy GBP/USD within it after a correction to it with your take profit at 1.3756.
Technical levels
Resistance levels
R1.1.3221
R2.1.336
R3.1.3583
Pivot
1.3142
Support levels
S1.1.2998
S2.1.2915
S3.1.2693
Trade signal
Remain flat temporarily.
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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.
