26 Juni 2018, GBP/USD
Technical observation
Recently,GBP/USD broke below a support zone 1.3314-1.3280 with a big red candle, price retraced to the zone before rallying down towards the support 1.3054 but could not reach it and was rejected, it then pulled back to 1.3314-1.3280 and is currently within it.I expect a rejection of price within the zone for possible bearish movement towards 1.3054 and a breakout below it for a further decline towards 1.2792.I would advise you short the pair right now within the zone with your first take profit at1.3054 and the next at 1.2792 with your stop loss slightly above 1.3314.Only short positions may be recommended on the chart above.
Technical levels
Resistance levels
R1.1.3308
R2.1.3335
R3.1.3405
Pivot
1.3264
Support levels
S1.1.3237
S2.1.3194
S3.1.3124
Trade signal
Short GBP/USD now with your take profit at 1.3054 and stop loss slightly above 1.3314.
101% Double the volume