07 августа 2017, GBP/USD
Technical Observation
Gbp declined even further despite the previous forecast that it could rise towards 1.3461. Unless the short term daily support line 1.3027 is clearly breached to the lower side, I expect a rejection around 1.302 to pick a long position with my take profit still intact at 1.3461. If this support line is broken, then I may consider a short position towards 1.2752. On the weekly chart, the previous two day bearish rally is a retracement and should not be sold, instead, conservative traders should wait for this pullback to end around either 1.3027 or 1.2752 to pick along position.
Technical levels:
Resistance levels
R1: 1.3163
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 