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Rebuy gbp around 1.3610

Rebuy gbp around 1.3610 | 15 January 2018

15 January 2018, GBP/USD

Rebuy gbp around 1.3610
Technical Observation:
On the weekly chart above, key resistance lines can be seen at 1.3831, 1.3932, and 1.4219. If these lines are breached, then I expect a rise towards 1.4528 or even higher. This rally is likely to mature since last week's candle was a perfect bullish continuation candle and will push the price further upwards. As is it on the weekly chart, I can only advice looking for long term long position towards 1.4528. should the price pullback to the lower side, then I'll be waiting for a buy trade around 1.3610 with my take profit still fixed at 1.4528.
Technical Levels
Resistance levels
R1: 1.3831
R2: 1.3932
R3: 1.4219
Pivot
1.3645
Support Levels
S1: 1.307
S2: 1.3357
S3: 1.3544
Trade Signal
Rebuy gbp around 1.3610 towards 1.4528

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Imelda Maseno
Analyst of «FreshForex» company
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