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Remain long towards 1.3306

Remain long towards 1.3306 | 29 August 2017

29 August 2017, GBP/USD

Technical Observation:
Gbp is currently trading above it's daily pivot line 1.28562. Following the break above 1.2681 and then a retracement to the same line Gbp has picked a momentum to the upperside. I expect a rise towards 1.3306 and even a break above to continue long towards 1.4637. On the way upwards, key lines to be checked include 1.3146 and 1.2992, if the price cen breakout above these lines, then the price could rise furtjer upwards. Key support lines that could act as key buy lines include 1.2681, and 1.2117. If the price pulls back to these lines, then these will be the best places to buy this Gbp.
Technical levels:
Resistance levels
R31.30812
R21.29990
R11.29384
Pivot
1.28562
Support Levels
S11.27956
S21.27134
S31.26528
Trade Signal
Remain long towards 1.3306

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Imelda Maseno
Analyst of «FreshForex» company
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