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Buy GBP now

Buy GBP now | 28 March 2018

28 March 2018, GBP/USD

Technical observation

Recently,GBPUSD broke up above a resistance line 1.4095 then retraced to it, Yesterday’s candle also retraced to the zone and could not penetrate below it and was rejected.currently,GBP is showing signs of rising and I expect a bullish momentum to 1.4800,my advice, buy GBP now with your take profit at 1.4800 and stop loss around 1.3988.If price goes above 1.4800,remain long with GBP after a correction to it.In case there’s a breakout below the support zone (1.3802-1.3755),short GBP after a correction to it.As long as price remains above this zone, only long positions look ideal and can be advised.

Technical levels

Resistance levels

R1.1.4175

R2.1.4217

R3.1.4305

Pivot

1.415

Support levels

S1.1.4087

S2.1.4042

S3.1.3955

Trade signal

Buy GBP now with your take profit at 1.4800 and stop loss around 1.3988.

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Imelda Maseno
Analyst of «FreshForex» company
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