03 tháng Tám 2018, GBP/USD
Technical observation
GBP/USD has been declining towards a key support line 1.3009 and is currently at it.I expect either a clear breach below it with a big red candle or a rejection at it followed by a correction to the resistance zone 1.3314-1.3279.If price is rejected at 1.3009 and pulls back to 1.3314-1.3279,you can short the pair within the zone with your ideal target at 1.3009 and stop loss slightly above 1.3314,and if there’s a breach below 1.3009 with a big red candle, wait for a correction to it before you sell the pair towards 1.2792. Only short positions can be recommended on the daily chart above.
Technical levels
Resistance levels
R1.1.3164
R2.1.321
R3.1.3295
Pivot
1.3130
Support levels
S1.1.308
S2.1.3042
S3.1.2958
Trade signal
Wait for a breakout below 1.3009.
Do you know against which currencies GBP is the most profitable?
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