08 Tháng Năm 2018, GBP/USD
Technical observation
Recently GBPUSD broke down a support zone 1.3788-1.3750 with a big red candle. Price then rallied down towards a support 1.3502 but price could not break below it and was rejected. Currently price is rallying towards the broken zone and I expect a rejection of it within the zone for bearish momentum towards 1.3502 and a breakout below it for a further decline in price towards 1.3302.Remain flat now and wait for the pullback to the zone then short GBPUSD within the zone with your take profit at 1.3502 and stop loss around 1.3919.Only buy if price goes above 1.3788-1.3750 with a big green candle.
Technical levels
Resistance levels
R1.1.3623
R2.1.3673
R3.1.3765
Pivot
1.3581
Support levels
S1.1.3531
S2.1.3488
S3.1.3396
Trade signal
Remain flat.