flat | 29 June 2017
29 June 2017, GBP/USD
Technical Observation
Recently, Gbp spiked higher and even closed the gap if formed on June 8th at the resistance line 1.2962. Unless 1.2962 is clearly breached to the upper side with a big green candle, I expect a rejection from this line to short Gbp towards 1.2762. If 1.2962 is broken, I'll wait for a pullback to the just broken line to long Gbp towards 1.33. On the 4 hour chart above, I would remain flat temporarily and wait for a breakout or a clear rejection
Technical levels:
Resistance levels
R1:1.2881R2: 1.2943
R3: 1.3087
Pivot
1.2799
Support Levels
S2: 1.2656
S3: 1.2737
Trade Signal
Flat
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.
