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flat

flat | 09 November 2017

09 November 2017, GBP/USD

flat
Technical Observation:
Nothing appears to have changed much since the other dday's analysis. The price is still stalling around 1.3138 and is not showing any clear signs of rising higher or breaking below it. Unless the price clearly breaks below 1.3138 with a big red candle, I expect a bounce from this support to buy gbp towards 1.4677. or even higher. On the way upwards, the key lines to heck for include 1.4056, and 1.4373.
Technical Levels
Resistance levels
R1: 1.3252
R2: 1.3428
R3: 1.371
Pivot
1.3146
Support Levels
S1: 1.2581
S2: 1.2863
S3: 1.297
Trade Signal
Flat but looking for a buy

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Imelda Maseno
Analyst of «FreshForex» company
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