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Long GBPUSD towards 1.3489

Long GBPUSD towards 1.3489 | 27 April 2017

27 April 2017, GBP/USD

Long GBPUSD towards 1.3489
Technical Observation:
GBP is showing signs of enduring the breakout above 1.2748. I went long following the break above this key resistance and is still holding. Unless there's a clear bearish below 1.2748, a bullish move towards 1.3489 is expected. On the daily chart above, this buy position is worth holding but only towards 1.3489, at the moment, selling this pair is a bit risky and may not be recommended. My advice, remain long with your SL below 1.2748 and TP at 1.3489.
Technical levels:
Resistance levels
R1: 1.287
R2: 1.2896
R3: 1.2955
Pivot Point
1.2838
Support Levels
S1: 1.272
S2: 1.2779
S3: 1.2811

Trade Signal

Long GBP towards 1.3489

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Imelda Maseno
Analyst of «FreshForex» company
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