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Buy within 1.3056-1.3025

Buy within 1.3056-1.3025 | 18 September 2018

18 September 2018, GBP/USD

Buy within 1.3056-1.3025

Technical observation

GBP/USD went up as predicted, I expect a correction of price to 1.3056-1.3025 and a rejection of it within the zone for possible upwards movement of price towards 1.3119 and a possible breakout above it for a further rise in price towards 1.3999.wait for the correction to 1.3056-1.3025 then buy GBP/USD within it with your take profit at 1.3119 and stop loss slightly below 1.3025.in case of breakout above 1.3119,wait for correction to it to confirm further bullish momentum of GBP before you continue long with this pair. Only long positions look ideal on the daily chart above an d can be recommended within 1.3056-1.3025.

Technical levels

Resistance levels

R1.1.3124

R2.1.3178

R3.1.3266

Pivot

1.311

Support levels

S1.1.3036

S2.1.3002

S3.1.2915

Trade signal

Buy GBP/USD within 1.3056-1.3025 towards 1.3119.

Do you know against which currencies GBP is the most profitable?

Buy within 1.3056-1.3025

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Imelda Maseno
Analyst of «FreshForex» company
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