Main >
Analytics
>
Fresh forecast
>
Forex Technical Analysis: Trend potential
>
Remain flat temporarily.

Remain flat temporarily. | 16 April 2018

16 April 2018, GBP/USD

Remain flat temporarily.

Technical observation

GBP is on an upward trend, it retraced at a key zone (1.3825-1.3703) twice before moving up, Currently price is rallying above the zone towards the key line 1.4633 which is a resistance line. If price gets rejected within the line, short term traders can sell GBP from the line towards the zone, and if there’s a breakout above the line with a big green candle, wait for a correction to it then buy GBP with your take profit at 1.5715 and stop loss around 1.4256.I would advise you remain flat temporarily and wait for either a breakout above 1.4633 or a correction to (1.3825-1.3703) to buy GBP.

Technical levels

Resistance levels

R1.1.4331

R2.1.4423

R3.1.4642

Pivot

1.4205

Support levels

S1.1.4113

S2.1.3986

S3.1.3768

Trade signal

Remain flat temporarily

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Login

Show password

Hide password

 Forgot password?
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 .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.
Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.