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Long GBP Towards 1.3489

Long GBP Towards 1.3489 | 25 April 2017

25 April 2017, GBP/USD

Technical Observation:
GBP continues to oscillate above 1.2774 regardless of our expectation to continue upwards. Unless there's a clean breach below 1.2723, I'm only interested on long positions towards 1.3489. From the Daily chart above, my previous buy position is still credible. My advice, if you went long upon the retracement towards 1.2774, leave this position open with your SL slightly below 1.2748 and your TP fixed at 1.3489.
Technical levels:
Resistance levels
R1: 1.2781
R2: 1.2783
R3: 1.2788
Pivot Point
1.2779
Support Levels
S1: 1.277
S2: 1.2775
S3: 1.2777

Trade Signal

Long GBP Towards 1.3489

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Imelda Maseno
Analyst of «FreshForex» company
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