Long Gbp towards 1.4526 | 17 January 2018

17 January 2018, GBP/USD

Long Gbp towards 1.4526
Technical Observation:
Gbp continues to rise after bouncing from the weekly support line 1.3359 and is still in an upward trend. I went long around 1.3319 and is still holding onto this position, My expectations is that the price should continue to rise and should break above 1.398 towards my take profit set at 1.4526. As it is on the weekly chart above, a long position looks more ideal and can be advised towards 1.4526. At the moments, sellers are not given much consideration unless the price is below 1.3620 or below 1.3321.
Technical Levels
Resistance levels
R1: 1.3816
R2: 1.384
R3: 1.3902
Pivot
1.3779
Support Levels
S1: 1.3656
S2: 1.3717
S3: 1.3754
Trade Signal
Long Gbp towards 1.4526

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus