26 сентября 2018, GBP/USD
Technical observation
GBP/USD is rallying on an increasing bullish movement towards the resistance zone 1.3315-1.3281, I expect a loss of this momentum within the zone followed by possible downwards movement of price towards 1.2693,Im waiting for a bounce within the zone to pick short positions within it with my take profit at 1.2693 and stop loss slightly above 1.3315.Should price breach above this zone with a big green candle, wait for a correction to it to confirm possible bullish movement of GBP before you pick long positions within it with your ideal target at the resistance line 1.3756 or even higher towards the upper resistance 1.4098.
Technical levels
Resistance levels
R1.1.3221
R2.1.336
R3.1.3583
Pivot
1.3142
Support levels
S1.1.2998
S2.1.2915
S3.1.2693
Trade signal
Sell GBP/USD within 1.3315-1.3281.
Do you know against which currencies GBP is the most profitable?
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