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Buy GBP now

Buy GBP now | 18 April 2018

18 April 2018, GBP/USD

Buy GBP now

Technical observation

GBPUSD broke above a resistance line on 16th of April this year with a big green candle, yesterday price corrected to the line and was rejected, currently price is racing up and I expect bullish movement of price today and the days to cone towards the weekly resistance line 1.4604.My advice, buy GBP now with your take profit at 1.4604 and stop loss around 1.4213.Short positions can only be advised in case of a breakout below the key zone (.13999-1.3965) with a big red candle followed by a correction to the zone and a rejection of price within or around it.Right now only long positions look ideal and can be advised.

Technical levels

Resistance levels

R1.1.4271

R2.1.431

R3.1.4412

Pivot

1.4210

Support levels

S1.1.4168

S2.1.4106

S3.1.4003

Trade signal

Buy GBP now with your take profit at 1.4604 and stop loss around 1.4213.

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Imelda Maseno
Analyst of «FreshForex» company
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