Short within 1.3056-1.3025 | 13 September 2018

13 September 2018, GBP/USD

Short within 1.3056-1.3025

Technical observation

The pair on the daily chart above is within a resistance zone 1.3056-1.3025, price was rejected yesterday and could not penetrate above it. Right now it is on a bearish bias and I expect a decline towards 1.2687 and a possible breakout above it for a further decline in price. You can short the pair now within the zone with your take profit at 1.2687 and stop loss slightly above 1.3956.Continue short with the pair after a breakout below 1.2687 followed by a correction to it. Should there be a breach above 1.3056-1.3025 with a big green candle, wait for a correction to it before you pick long positions towards 1 .3319.

Technical levels

Resistance levels

R1.1.2994

R2.1.3072

R3.1.3192

Pivot

1.2957

Support levels

S1.1.2873

S2.1.2831

S3.1.271

Trade signal

Sell GBP/USD within 1.3056-1.3025 with your take profit at 1.2687 and stop loss slightly above 1.3956.

Do you know against which currencies GBP is the most profitable? Short within 1.3056-1.3025 More trading assets here...
Imelda Maseno
Analyst of «FreshForex» company
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