01 октября 2018, GBP/USD
Technical observation
On the daily chart above GBP/USD is rallying below a resistance zone 1.3315-1.3281 towards the support 1.2693.In case you had already picked short position within the zone, remain short with your ideal target at 1.2693.If you had not traded this yet, wait for a correction to the above mentioned zone and a bounce within it then pick short positions within it with your take profit at 1.2693 and stop loss slightly above 1.3315.Should there be breach above 1.3315-1.3281 with a big green candle, I expect nothing but a correction to the just broken zone followed by a rise towards the resistance line 1.3756.
Technical levels
Resistance levels
R1.1.308
R2.1.3131
R3.1.3221
Pivot
1.304
Support levels
S1.1.299
S2.1.295
S3.1.2859
Trade signal
Remain short.
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