Place a pending sell order within 1.3317-1.3283 | 05 Juli 2018

05 Juli 2018, GBP/USD

Place a pending sell order within 1.3317-1.3283

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

!Attention!
All bonus participates in drawdown!
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Imelda Maseno
Analyst of «FreshForex» company
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