06 ноября 2018, GBP/USD
Technical observation
GBP/USD is still rallying on an increasing bullish momentum towards the resistance zone 1.3317-1.3281 and I expect a loss of this momentum within it followed by possible bearish movement of price. I’ll remain neutral now and wait for the correction to the zone and a rejection within it to sell this pair with my take profit at 1.2963 and stop loss slightly above 1.3317.In case of a clear breakout above 1.3317 with a big green candle, I’ll wait for a retracement to the just broken line confirming possible bullish movement of price before I pick long position with my ideal target at the resistance line 1.3756 or even to the highest key line 1.4238.
Technical levels
Resistance levels
R1.1.3019
R2.1.3075
R3.1.3165
Pivot
1.2985
Support levels
S1.12929
S2.1.2896
S3.1.2806
Trade signal
Remain flat.
Do you know against which currencies GBP is the most profitable?More trading assets here...
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 