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Remain long towards 1.2915

Remain long towards 1.2915 | 28 August 2017

28 August 2017, GBP/USD

Remain long towards 1.2915

Technical Observations Despite Friday's analysis that Gbp could continue to plummet, Gbp rose to the upper side and is still showing potentials it could rise even further high today. On the way upwards, key resistance lines can be seen around 1.2915 and 1.3016. If these two lines can be breached, then Gbp could rise towards 1.3252. If 1.2915 is broken, then I'll wait for a pullback to the just broken line to pick the next long position towards 1.3016. My advice, remain long at least untill 1.2915, if this line is clearly broken, then you're good to continue long.

Technical levels:

Resistance levels

R1: 1.2835

R2: 1.2868
R3: 1.2931
Pivot
1.2805
Support Levels
S1: 1.2678
S2: 1.2741
S3: 1.2772
Trade Signal
Remain long towards 1.2915

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Imelda Maseno
Analyst of «FreshForex» company
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