10 июля 2018, GBP/USD
Technical observation
GBP/USD broke below a support zone 1.3317-1.3283,price then retraced to it twice before rallying down to the support 1.3051.Recently price corrected to the zone but could not penetrate above it and was rejected. Yesterday’s candle was a perfect engulfing bearish candle and I expect a decline in GBP today and the days to come towards 1.3051 and a possible breakout below it for a further decline in price towards 1.2798.If you sold the pair yesterday, remain short with your ideal target at 1.3051,in case you had not sold it yet, you can still short GBP now with your take profit at 1.3051 and stop loss around 1.3428.
Technical levels
Resistance levels
R1.1.3224
R2.1.3255
R3.1.3335
Pivot
1.3176
Support levels
S1.1.3144
S2.1.3096
S3.1.3017
Trade signal
Remain short.
101% Double the volume
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