21 Mei 2018, GBP/USD
Technical observation
GBP/USD broke below a support zone 1.3816-1.3696 and is still pretty much below it.I expect a retracement of price to the zone and a rejection of it within it for bearish movements of price towards 1.3302 and a breakout below it for further bearish movements of price towards the lowest key line 1.2705. I would advise you wait for a correction to the zone the short GBP within it with your take profit at 1.3302 and stop loss around 1.4144.Continue short with GBP/USD after a breakout below 1.3302 with your ideal target at 1.2705.Long positions can only be recommended above the zone 1.3816-1.3696.
Technical levels
Resistance levels
R1.1.3569
R2.1.3668
R3.1.3825
Pivot
1.351
Support levels
S1.1.3411
S2.1.3352
S3.1.3194
Trade signal
Wait for a correction to 1.3816-1.3696 to short GBP/USD with your take profit at 1.3302 and stop loss around 1.4144.