11 Juni 2018, GBP/USD
Technical observation
The pair on the weekly chart above is on an upward trend. Price rose up above a resistance zone 1.3461-1.3319 then retraced to it before moving up, recently price pulled back to the zone then went up again before correcting to the it.Currently it is within it and I expect either a rejection of it from the zone for possible bullish momentum towards 1.4701 or a breakout below 1.3319 followed by a correction to it for possible bearish momentum. I would advise you long GBP/USD right now within the zone with your take profit at 1.4701 and stop loss around 1.2938.Short positions may only be recommended below 1.3319.
Technical levels
Resistance levels
R1.1.349
R2.1.357
R3.1.3748
Pivot
1.3392
Support levels
S1.1.3312
S2.1.3214
S3.1.3036
Trade signal
Long GBP/USD now with your take profit 1.4701 and stop loss around 1.2938.
101% Double the volume