27 Juni 2018, GBP/USD
Technical observation
GBP/USD yesterday went down as predicted and I still expect a decline in it towards the support 1.3054.I expect a decline in price towards 1.3054 and a breakout below it for a further decline towards the lower support 1.2792.If you sold the pair within the zone yesterday, remain in the trade with your ideal target at the support 1.3054, if you had not traded it yet, wait for a retracement to 1.3314-1.3280 followed by a rejection of price within it to short GBP/USD with first take profit at 1.3054 and stop loss slightly above 1.3314.Continue short after a breakout below 1.3054 and a correction to it.
Technical levels
Resistance levels
R1.1.3308
R2.1.3335
R3.1.3405
Pivot
1.3266
Support levels
S1.1.3237
S2.1.3194
S3.1.3124
Trade signal
Remain short.
101% Double the volume