25 Agustus 2017, GBP/USD
Technical Observation
After breaking below the support line 1.2848, Gbp retraced back to the same zone but go rejected, I'm waiting for a second pullback to this line to pick a short position towards 1.2765. As it is, Gbp is still bearish and could plummet further towards 1.26 or even lower. On the way down, a key support can be seen around 1.2752, wait for this support to be broken to pick a short order.
Technical levels:
Resistance levels R31.28815 R21.28577 R11.28271 Pivot 1.28043 Support Levels S11.27727 S21.27489 S31.27183
Trade Signal
Short GBP around 1.2848.