01 июня 2018, GBP/USD
Technical observation
After the breakout below the support key line 1.3306, the pair on the daily chart above yesterday retraced to it and could not penetrate above it.Price was rejected from the line and is currently rallying down. If you had sold the pair yesterday, remain in the trade with your take profit at 1.3054 and stop loss around 1.3419.I expect a decline in price towards 1.3054 and a breakout below it for a further drop in price towards 1.2792.You can continue short with the pair after a breakout below 1.3054 and a correction to it.Right now on the daily chart above, price is on a downward movement and so only short positions can be advised.
Technical levels
Resistance levels
R1.1.3352
R2.1.3408
R3.1.3495
Pivot
1.3326
Support levels
S1.1.3266
S2.1.3236
S3.1.3149
Trade signal
Remain short.
101% Double the volume
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