11 сентября 2018, GBP/USD
Technical observation
Yesterday price rallied towards the resistance zone 1.3056-1.3025, right now it is within the zone and is still rising. I expect either a rejection of it within the zone for possible bearish movement of price or a clear breakout above the zone with a big green candle. My advice, remain flat temporarily and wait for either to trade the pair. In case price is rejected and does not penetrate above the zone, pick short position with your ideal target at 1.2687, and in case of a breakout above the mentioned zone, wait for a correction to it confirming bullish movement of price before you pick long position towards 1.3319.
Technical levels
Resistance levels
R1.1.2994
R2.1.3072
R3.1.3192
Pivot
1.2953
Support levels
S1.1.2873
S2.1.2831
S3.1.271
Trade signal
Remain flat temporarily.
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