26 Tháng Năm 2017, GBP/USD
Technical Observation
Recently, GBP broke out below the lower trend line acting as the bottom of the rising channel and is currently rallying below it. This breakout is a sign that bears are in complete dominance and that the price could drop further towards 1.2768. On the 4 Hour chart above, I expect a minor pullback to thge upperside then a decline towards 1.2768. My advice, consider short positions towards 1.2768.
Technical levels:
Resistance levels
R1: 1.2894
R2: 1.2898
R3: 1.2908
Pivot Point
1.2888
Support Levels
S1: 1.2869
S2: 1.2879
S3: 1.2884
Trade Signal
Consider short positions towards 1.2768