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Buy GBP now

Buy GBP now | 03 April 2018

03 April 2018, GBP/USD

Buy GBP now

Technical observation

On the daily chart above, GBPUSD, broke above a key resistance line 1.3995 with a big green candle and engulfed. Price then retraced to the broken line twice before proceeding up, currently price is rising from the previous retracement and I expect possible bullish movement up to the key line 1.4273 or even a breakout above it for further bullish movement of price towards 1.4604.you had not bought GBP, you can buy it now with your take profit at 1.4273 and stop loss around 1.3903.if price breaks above 1.4273,continue long with GBP after a correction to it.only sell if price goes below the key line 1.3785.

Technical levels

Resistance levels

R1.1.4164

R2.1.4248

R3.1.4378

Pivot

1.4117

Support levels

S1.1.4034

S2.1.3987

S3.1.3857

Trade signal

Buy GBP now with your take profit a 1.4273 and stop loss around 1.3903.

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Imelda Maseno
Analyst of «FreshForex» company
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