22 June 2018, GBP/USD
Technical observation
GBP/UDS is still correcting to the zone 1.3343-1.3305 and I expect a rejection of it within the zone for possible downwards movement of price towards 1.3054 and a breach below it for a further decline in GBP.I would advise you remain flat temporarily and wait for the correction to 1.3343-1.3305 then short the pair within the zone with your ideal target at 1.3054and stop loss slightly above 1.3343.You can place a pending trade now or just wait for the price within the zone to short GBP. Only short positions look ideal on the daily chart above and can be recommended within 1.3343-1.3305.
Technical levels
Resistance levels
R1.1.3272
R2.1.3299
R3.1.3349
Pivot
1.3260
Support levels
S1.1.3223
S2.1.3199
S3.1.3149
Trade signal
Remain flat temporarily.
101% Double the volume