04 tháng Tám 2017, GBP/USD
Technical Observations
Yesterday, Gbp plummeted and is still showing signs of plummeting even further. Previous day's bearish rally is a retracement move to the lower side towards the daily support line 1.2765. Where I've placed a pending buy limit order with my Take profit fixed at 1.3511 and stop loss slightly below 1.2692. According to the daily chart above, Gbp is very bullish and only buy positions can safely be recommended, while sell positions can be recommended either below 1.2765 or upon a rebound from 1.3511.
Technical levels:
Resistance levels
R1: 1.33122
R2: 1.32823
R3: 1.32506
Pivot
1.32207
Support Levels
S1: 1.31890
S2: 1.31591
S3: 1.31274
Trade Signal
Bullish towards 1.3511