04 Tháng bảy 2018, GBP/USD
Technical observation
In the recent past,GBP established a short term resistance zone 1.3317-1.3283 and is still below this zone.Yesterday,GBP pulled significantly to the upper side but is still below 1.3283,currently,it is still rising towards it and I expect a loss of bullish momentum around the just mentioned zone to short the pair on the chart above with my take profit set at 1.3057 and stop loss slightly above 1.3317.Should the price break above this zone, then I suggest waiting for a pull back to the just broken zone to long GBP towards 1.3315 or even higher to 1.3801.On the way upwards the key lines to look for include,1.3315 and 1.3801.
Technical levels
Resistance levels
R1.1.3308
R2.1.3334
R3.1.3404
Pivot
1.3266
Support levels
S1.1.3238
S2.1.3194
S3.1.3124
Trade signal
Short GBP around 1.3317-1.3283 towards 1.3057.
101% Double the volume
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