Buy GBp at 1.3904 | 19 March 2018

19 March 2018, GBP/USD

Buy GBp at 1.3904
Technical Observation:
Gbp is currently approaching a key 4 hour support line 1.3901. This is a main support and took a big candle to break above, while the price is above it, I expect a surge upwards towards 1.4005 and may break higher to 1.5254. Should the price break below 1.3901, then I expect a spike lower to 1.3725. On the way downwards, the key lines to look for include 1.3845, 1.3805, if these lines are breached, then I expect a surge towards my take profit at 1.3725.
Technical Levels
Resistance levels
R1: 1.3926
R2: 1.3937
R3: 1.3954
Pivot
1.392
Support Levels
S1: 1.3886
S2: 1.3903
S3: 1.3909
Trade Signal
Buy GBp at 1.3904 with take profit at 1.4005

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Imelda Maseno
Analyst of «FreshForex» company
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