29 Mei 2018, GBP/USD
Technical observation
After breaking down below a support zone 1.3567-1.3515, price consolidated within the zone then raced down towards a support 1.3306.Currently price is at 1.3306 and I expect either a breakout below it or a correction to 1.3567-1.3515 and a rejection within it for bearish movements of price. I would advise you wait for either a breakout below 1.3306 or a correction to 1.3567-1.3515 to short GBP. On the chart above only short positions look ideal and can be recommended. Long positions can only be advised in case of a clear breakout above1.3567-1.3515 with a big green candle and a correction to it.
Technical levels
Resistance levels
R1.1.3352
R2.1.3408
R3.1.3495
Pivot
1.3322
Support levels
S1.1.3266
S2.1.3236
S3.1.3149
Trade signal
Wait for either a breakout below 1.3306 or a correction to 1.3567-1.3515 to short GBP.
101% Double the volume