23 Tháng Năm 2018, GBP/USD
Technical observation
On the daily chart above GBP/USD has been trading on a downward trend, it broke below a support zone 1,3754-1.3701 with a big red candle but did not correct to it, instead price rallied down and retraced at a resistance line 1.3512.Currentlt price is below it and I expect a pullback and a rejection of price from it for possible bearish momentum towards 1.3302 and a possible breakout below 1.3302 for a further decline in price towards 1.3028.My advice, wait for a retracement to 1.3512 and a rejection of price from it then short GBP/USD at it with your ideal target at 1.3302 and stop loss around 1.3635.
Technical levels
Resistance levels
R1.1.3514
R2.1.3558
R3.1.3632
Pivot
1.3486
Support levels
S1.1.344
S2.1.3411
S3.1.3337
Trade signal
Wait for a retracement to 1.3512 then short GBP/USD at it with your ideal target at 1.3302 and stop loss around 1.3635.