flat | 29 Juni 2017

29 Juni 2017, GBP/USD

flat
Technical Observation
Recently, Gbp spiked higher and even closed the gap if formed on June 8th at the resistance line 1.2962. Unless 1.2962 is clearly breached to the upper side with a big green candle, I expect a rejection from this line to short Gbp towards 1.2762. If 1.2962 is broken, I'll wait for a pullback to the just broken line to long Gbp towards 1.33. On the 4 hour chart above, I would remain flat temporarily and wait for a breakout or a clear rejection
Technical levels:
Resistance levels
R1:1.2881
R2: 1.2943
R3: 1.3087
Pivot
1.2799
Support Levels
S1: 1.2512
S2: 1.2656
S3: 1.2737
Trade Signal
Flat

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Imelda Maseno
Analyst of «FreshForex» company
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