Long towards 1.4269 | 06 March 2018

06 March 2018, GBP/USD

Technical Observation:
On Friday last week, Gbp got supported by the descending trendline, and is still being held above it. I expect a surge to the upperside with my first line to book profits being 1.4065 and the next at 1.4269. If the last take profit line is broken, then further momentum towards 1.45 or even higher is expected. If you're not long already, you could wait for another pullback to the lower supportive trendline to buy GBP. Or short in case the price breaks below this trendline.
Technical Levels
Resistance levels
R1: 1.3895
R2: 1.3942
R3: 1.4053
Pivot
1.3831
Support Levels
S1: 1.3608
S2: 1.372
R3: 1.3784
Trade Signal
Long towards 1.4269

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