18 April 2018, GBP/USD
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.