30 августа 2018, GBP/USD
Technical observation
Yesterday a clear breakout was seen when price went above the key resistance line 1.2925 with a big green candle and is still showing signs of rising even further. I expect a correction to the just broken zone followed by a rejection at it for possible bullish momentum towards 1.3283.If GBP does not correct to 1.2925 and instead rises to 1.3317-1.3283 and gets rejected within it, you can still short the pair within it with your ideal target at 1.2925.If there’s a correction to the jut broken line, buy GBP/USD at it with your take profit at 1.3283 and stop loss around 1.2775.Remain long after a breakout above 1.3317-1.3283.
Technical levels
Resistance levels
R1.1.12885
R2.1.292
R3.1.2995
Pivot
1.2850
Support levels
S1.1.281
S2.1.2772
S3.1.2697
Trade signal
Wait for a pullback to 1.2925.
Do you know against which currencies GBP is the most profitable?
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