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Remain long

Remain long | 03 January 2018

03 January 2018, GBP/USD

Remain long
Technical Observation:
Gbp is currently rallying with an increasing bullish momentum. Today and in the next few weeks I expect a rise towards 1.3935 and should continue upwards. While the price is supported by 1.3332, only long positions looks more ideal and can be advised towards 1.4520. I may only reconsider a short position below 1.3332, should price break below it with a big red candle, then this will be a good place to look for a short position with my take profit at 1.1509 or even lower.
Technical Levels
Resistance levels
R2: 1.359
R2: 1.3666
R3: 1.3863
Pivot
1.3469
Support Levels
S1: 1.3074
S2: 1.3271
S3: 1.3393
Trade Signal
Remain long with your take profit at 1.4520

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Imelda Maseno
Analyst of «FreshForex» company
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