24 Agustus 2018, GBP/USD
Technical Observation:
Last trading day, GBP lost value considerably and is now below 1.2827, while the price is still above the Slow Moving Avarage 152, I expect nothing but a steep rise towards 1.3170. The idea is to wait for a breakout above 1.2925 to confirm a possible rally to the upper side. On its way upwards, the key lines to look for include 1.3065, 1.3100 and 1.3170. On the other side, only a clear break below 1.27 will attract a long term short position with an ideal take profit at 1.2645. As it is, its good to wait.
Trade Signal.
Wait
101% Double the volume