Long Towards 1.3489 | 01 June 2017

01 June 2017, GBP/USD

Long Towards 1.3489
Technical Observation
As I said in my previous forecasts, GBP retraced back for the second time towards the support line 1.2747. This line acted as a key support line in April 21st 2016 and as a resistance line in December 5th 2016, now that the price is above, I expect a possible rejection from this line to the upper side towards 1.3489. On the daily c hart above, long positions seems more ideal towards 1.3489. My advice, look for long positions towards 1.3489.
Technical levels: Resistance levels
R1: 1.2941
R2: 1.3008
R3: 1.316
Pivot Point 1.2855 Support Levels
S1: 1.255
S2: 1.2703
S3: 1.2789
Trade Signal Long GBP towards 1.3489

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Imelda Maseno
Analyst of «FreshForex» company
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