20 April 2018, GBP/USD
Technical observation
As I predicted yesterday,GBPUSD went down and even broke below the lower key line 1.4143,currentlt it is rallying below the broken line and I expect a correction to it and a rejection of price for a possible bearish move towards the lower key line 1.3987,I would advise you wait for a correction1.4143 to short GBP with your take profit at 1.3987 and stop loss around 1.4191.If price breaks above 1.4143 and gets rejected at the zone (1.4237-1.4225) you can still short GBP form the zone in case there’s no breakout above it.Right now, wait for a correction to the broken line then sell GBP towards 1.3987.
Technical levels
Resistance levels
R1.1.4245
R2.1.4252
R3.1.4263
Pivot
1.4243
Support levels
S1.1.4234
S2.1.4229
S3.1.4218
Trade signal
Wait for a correction to 1.4143 to sell GBP with your take profit at 1.3987 and stop loss around 1.4191.