23 июля 2018, GBP/USD
Technical observation
On the weekly chart above, GBP/USD went down below a support zone 1.3373-1.3240 last week.Currenlty price is pulling back to the zone and I expect either a rejection of it within the zone or a clear breakout above it.In case there’s a rejection of price within 1.3373, wait for a second correction to the zone before you short the pair within it just to ensure it was not a false breakout. If GBP/USD breaks above 1.3373-1.3240, then the breakout was false, wait for a correction to 1.3373-1.3240 the long GBP towards the resistance 1.4615.Right now remain flat and wait for the correction to 1.3373-1.3240 to trade GBP.
Technical levels
Resistance levels
R1.1.3297
R2.1.3463
R3.1.3799
Pivot
1.3127
Support levels
S1.1.2961
S2.1.2791
S3.1.2455
Trade signal
Remain flat.
Do you know against which currencies GBP is the most profitable?
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