18 tháng tư 2019, GBP/USD
Technical observation
On the hourly chart above, price went down towards 1.3006 as predicted but did not reach it, it is currently retracing to the resistance zone 1.3069-1.3064 and I expect a rejection of it within the zone for bearish price rally towards 1.3006 and a possible break below it for a further decline in value of GBP, my advice, wait for a correction to 1.3069-1.3064 and a rejection within it to re-sell GBP with your take profit at 1.3006 and stop loss at 1.3088, should there be a breakout above 1.3069-1.3064, wait for a correction to the just broken zone and a bounce within it to confirm possible bullish price rally before you pick long positions.
Trade recommendation
Wait for a correction to 1.3069-1.3064 to re-sell GBP with your take profit at 1.3006 and stop loss at 1.3088.
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