06 Juli 2018, GBP/USD
Technical observation
Yesterday, the pair on the daily chart above went down and I still expect a bearish momentum towards 1.3057,in case you sold the pair yesterday, remain short with your ideal target at 1.3057 and stop loss slightly above 1.3317.If you are not in a trade yet, wait for a correction of price to 1.3317-1.3283 and a rejection of it within the zone then short within it with your first take profit at 1.3057 and the next at 1.2799 and your stop loss around 1.3407.On the chart above only short positions look ideal and can be recommended .Long positions may only be advisable in case of a clear breach above 1.3317.
Technical levels
Resistance levels
R1.1.3308
R2.1.3334
R3.1.3404
Pivot
1.3270
Support levels
S1.1.3238
S2.1.3194
S3.1.3124
Trade signal
Remain short.
101% Double the volume