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Remain long towards 1.4613

Remain long towards 1.4613 | 19 September 2017

19 September 2017, GBP/USD

Technical Observations
Last week, A big bullish breakout was seen when Gbp broke out above the weekly resistance line 1.3291 with a big green candle. Gbp is still very much bullish and could rise further towards 1.4613, however, momentarily, I'm waiting for a minor pullback to the just broken line to pick a long position towards 1.4613. On the way upwards key resistance lines can be seen around 1.3679, 1.4108, and 1.4602. If these lines are broken, then a rise above 1.4613 is expected. As it, minor retracements to the lower side will provide good buy slots.
Resistance levels
R1: 1.3674
R2: 1.3758
R3: 1.3983
Pivot
1.3533
Support Levels
S1: 1.3083
S2: 1.3308
S3: 1.3449
Trade Signal
Remain long towards 1.4613.

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Imelda Maseno
Analyst of «FreshForex» company
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