Remain long towards 1.3535 | 14 December 2017

14 December 2017, GBP/USD

Remain long towards 1.3535
Technical Observation:
Yesterday, my buy limit order was opened when the price bounced from 1.3302-1.3284. Now, I expect further rise and should break above 1.3535 or even higher. On the way upwards, the key lines to look for include 1.3475, 1.3525 and 1.37. a breach above these lines will push the price further upwards with my final take profit being 1.40. As it is, only a long position can be advised with the first take profit at 1.3535 and the next at 1.40. At the moment, I cannot advocate for a sell order
Technical Levels
Resistance levels
R1: 1.3407
R2: 1.3466
R3: 1.3655
Pivot
1.3436
Support Levels
S1: 1.2963
S2: 1.3156
S3: 1.3212
Trade Signal
Remain long towards 1.3535

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Imelda Maseno
Analyst of «FreshForex» company
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