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Long GBP/USD now

Long GBP/USD now | 18 June 2018

18 June 2018, GBP/USD

Long GBP/USD now

Technical observation

GBP/USD is trading on an upward trend, price broke above a resistance 1.3243 it the corrected to it before it went up towards the resistance zone 1.4735-1.4615, it could not reach the zone and so it pulled back to 1.3243 before moving up a few weeks ago. Last week’s candle was a retracement to 1.3243, it did not penetrate below it and closed around it.As long as 1.3243 protects the upper side I expect a bullish momentum towards 1.4735-1.4615 and a breakout above it for further bullish movements of price towards 1.5737.You can long the pair now with your ideal target at 1.4735 and stop loss around 1.2807.

Technical levels

Resistance levels

R1.1.3415

R2.1.3549

R3.1.3785

Pivot

1.3313

Support levels

S1.1.3179

S2.1.3077

S3.1.2841

Trade signal

Long GBP/USD now with your ideal target at 1.4735 and stop loss around 1.2807.

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Imelda Maseno
Analyst of «FreshForex» company
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