Short GBP/USD now | 31 Mei 2018

31 Mei 2018, GBP/USD

Short GBP/USD now

Technical observation

After the breakout below the support 1.3306, GBP/USD retraced to it and is currently at it, i expect a rejection of price from it for bearish momentum towards the support line1.3054 and a breakout below it for further downwards movement towards 1.2792.You can short the pair now with your take profit at 1.3054 and stop loss around 1.3419.You can still short the pair within the resistance zone 1.3567-1.3515 in case price breaches above 1.3306 and is rejected within the zone. If there’s a clear breakout above 1.3567-1.3515, wait for a correction to it to confirm bullish momentum of price before you long the pair.

Technical levels

Resistance levels

R1.1.3352

R2.1.3408

R3.1.3495

Pivot

1.3326

Support levels

S1.1.3266

S2.1.3236

S3.1.3149

Trade signal

Short the pair now with your take profit at 1.3054 and stop loss around 1.3419.

101% Double the volume

!Attention!
All bonus participates in drawdown!
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Imelda Maseno
Analyst of «FreshForex» company
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