Remain flat | 24 Mei 2018

24 Mei 2018, GBP/USD

Remain flat

Technical observation

After rallying down towards a support line 1.3302, GBP/USD could not penetrate below it, it sent a tail perfectly to it but was rejected. Right now price is correcting to 1.3512 and i expect a rejection of it from the resistance line for downwards movements.1.3512 will be a good place to sell the pair since it has previous retracements to it.If price fails to correct to 1.3512 and instead breaks down below 1.3302, wait for a correction to it then short GBP towards 1.3928.You can remain flat now and wait for either a correction to 1.3512 or a breakout below 1.3302 and a correction to it to short the pair.

Technical levels

Resistance levels

R1.1.3514

R2.1.3558

R3.1.3632

Pivot

1.3488

Support levels

S1.1.344

S2.1.3411

S3.1.3337

Trade signal

Remain flat.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.