09 Agustus 2017, GBP/USD
Technical Observation
GBp declined even further despite the previous forecast that it could rise upwards. The price could fall further low towards the support line 1.2752, thus, if you were stopped of on a previous buy position, you could wait and buy Gbp around 1.2752. Alternatively, you could place a pending buy limit order around 1.2752 with a stop loss slightly below 1.2578 and Take profit still fixed at the daily resistance line 1.3461. If 1.3461 is broken, then the price could rise further upwards towards 1.4673.
Technical levels:
Resistance levels
R1: 1.3163