02 Tháng Năm 2018, GBP/USD
Technical observation
Yesterday GBPUSD did not go up as I predicted instead it broke down below the supportive zone 1.3783-1.3753 with a big red candle confirming that bears are charged. I expect a retracement of price to the zone and a rejection of it within or around it for bearish movement of price towards the support line 1.3512 and a breakout below 1.3512 for a further drop in price towards the lowest line 1.3302.Wait for a correction to the just broken zone then sell GBP within the zone after the second retracement to it with your first take profit at 1.3512 and the next at 1.3302 and your stop loss around 1.3888.
Technical levels
Resistance levels
R1.1.3894
R2.1.4008
R3.1.4195
Pivot
1.3823
Support levels
S1.1.3707
S2.1.3634
S3.1.3446
Trade signal
Wait for a correction to the broken zone then sell GBP after the second retracement to it with your take profit at 1.3512 and stop loss around 1.3888.
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