10 Oktober 2017, GBP/USD
Technical Observation
After a sharp drop last week, Gbp is now recovering, but not with the same momentum with which it fell last week. This day, I'm expecting a rise towards 1.3276 where I'll be shorting Gbp towards 1.30. If this resistance line is broken, then the price could rise even higher towards 1.3525. On the 4 hours above, its good to remain flat and only sell Gbp around 1.3276. On buy upon a breakout above it towards 1.3465.
Technical Levels Resistance levels R1: 1.3211
S3: 1.306 Trade Signal
Wait and Short Gbp around 1.3276 towards 1.30