29 Juni 2018, GBP/USD
Technical observation
Yesterday, GBP/USD went down to the support 1.3054 sending a tail to it but could not break below it.Currently it is rising towards1.3314-1.3280 and I expect a rejection of it within the zone for bearish momentum towards 1.3054.I also expect a breakout below 1.3054 followed by a correction to it for further decline in GBP towards 1.2792.Wait for a retracement to 1.3314-1.3280 then short the pair within it with your ideal target at 1.3054 and stop loss slightly above 1.3314.Continue short after a breakout below 1.3054 and a correction to it.Long positions may only be recommended above 1.3314-1.3280 towards1.3560.
Technical levels
Resistance levels
R1.1.3308
R2.1.3335
R3.1.3405
Pivot
1.3270
Support levels
S1.1.3237
S2.1.3194
S3.1.3124
Trade signal
Wait for a pullback to 1.3314-1.3280 then short GBP/USD within it with your take profit at 1.3054 and stop loss slightly above 1.3314.
101% Double the volume