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Buy GBP/USD within 1.3056-1.3025

Buy GBP/USD within 1.3056-1.3025 | 24 September 2018

24 September 2018, GBP/USD

Buy GBP/USD within 1.3056-1.3025

Technical observation

GBP/USD is pulling back to the supportive zone.1.3056-1.3025, I expect a rejection of it within the zone for possible bullish momentum towards 1.3119 and a possible breakout above it for a further rise in price towards 1.3588 or even higher to 1.3999.Wait for the rejection of price within 1.3056-1.3025 to pick long positions with your take profit at 1.3119 and stop loss slightly below 1.3025,on your way upwards the key lines to look for include;1.3119,1.3588 and 1.3999, right now, only long positions look ideal on the daily chart above and can be recommended. Buy GBP/USD within 1.3056-1.3025 towards 1.3119.

Technical levels

Resistance levels

R1.1.3221

R2.1.336

R3.1.3583

Pivot

1.3138

Support levels

S1.1.2998

S2.1.2915

S3.1.2693

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 GBP/USD within 1.3056-1.3025

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Imelda Maseno
Analyst of «FreshForex» company
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