27 Juni 2017, GBP/USD
Technical Observation
Gbp continues to rise instead of going short below 1.2762. Unless 1.2762 is clearly breached to the upper side with a big green candle, I expect a rejection from 1.2762 to short Gbp towards 1.2634. A breakout above 1.2762 will mean waiting for a pullback to the just broken zone to long Gbp towards 1.2975. As it is, I expect a rise towards 1.2762.
Technical levels:
Resistance levels
R1: 1.2745
R2: 1.2770
R3: 1.2818
Pivot Point
1.2729
Support Levels
S1: 1.2624