25 Mei 2018, GBP/USD
Technical observation
GBP/UDS has been trading on a down ward trend. Price retraced at a resistance 1.3512 before racing down, yesterday it pulled back but could not reach 1.3512,right now price is between 1.3512 and 1.3302 and i expect either a breakout below 1.3302 or a retracement to 1.3512 for possible bearish movements of price. I would advise you remain flat now and wait for either a breakout below 1.3302 and a correction to it to short GBP, or a retracement to 1.3512 and a rejection of price at it to short the pair. This pair on a downward movement and only short positions looks ideal and so can be recommended.
Technical levels
Resistance levels
R1.1.3514
R2.1.3558
R3.1.3632
Pivot
1.3490
Support levels
S1.1.344
S2.1.3411
S3.1.3337
Trade signal
Remain flat.