05 Juli 2018, GBP/USD
Technical observation
Yesterday,GBP/USD rose towards the resistance zone 1.3317-1.3283 but did not reach it.I still expect a rise to the zone and a rejection within it for bearish movements of price towards 1.3057,you can remain flat temporarily and wait to short the pair within the zone or place a pending sell order now within the Zone with your ideal target at 1.3057 and stop loss slightly above 1.3317.Long positions ,may only be advisable in case there’s a clear breakout above 1.3317 with a big green candle and a correction to it towards 1.3515 or even higher to 1.3802 in case of a breach 1.3515 too.Now,place a pending sell order within 1.3317-1.3283.
Technical levels
Resistance levels
R1.1.3308
R2.1.3334
R3.1.3404
Pivot
1.3268
Support levels
S1.1.3238
S2.1.3194
S3.1.3124
Trade signal
Place a pending sell order within 1.3317-1.3283.
101% Double the volume