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Long GBP Towards 1.3495

Long GBP Towards 1.3495 | 01 May 2017

01 May 2017, GBP/USD

Technical Observation:
Since the last forecast, nothing has changed much. I'm still long with my previous buy position TP fixed ay 1.3789 and SL slightly below 1.2748. Unless there's a clear bearish breach below 1.2748, I leave this position open. After all the Daily chart attached is very bullish and will likely remain on the upper side. My advice, remain long towards 1.34989, and only consider short orders in case of a clear bearish breach below 1.2748.
Technical levels:
Resistance levels

R1: 1.2912

R2:1.2916

R3: 1.2925
Pivot Point
1.2906
Support Levels
S1: 1.2887
S2: 1.2897
S3: 1.2902
Trade Signal
Long GBP Towards 1.3489

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Imelda Maseno
Analyst of «FreshForex» company
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