18 July 2018, GBP/USD
Technical observation
Yesterday GBP/USD went down as predicted towards the support 1.3050 and is still rallying towards it.I expect a breach below 1.13050 followed by a correction to it for possible bearish momentum towards 1.2775.If you went short yesterday within the resistance zone 1.3317-1.3276 remain in the trade with your ideal target at 1.3050.In case of a break below 1.3050 then I expect surge to the lower side, wait for a correction to it then continue short with the pair towards 1.2775.If you are not short now, wait for a breakout below 1.3050 followed by a correction to it then short the pair with your target at 1.2775.
Technical levels
Resistance levels
R1.1.3284
R2.1.3332
R3.1.3471
Pivot
1.3195
Support levels
S1.1.3145
S2.1.3055
S3.1.2916
Trade signal
Remain short.
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