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flat

flat | 19 June 2017

19 June 2017, GBP/USD

flat

Technical Observation

Despite the gap below the daily support line 1.2747, GBP continues to consolidate around this place and could continue unless 1.2747 is not clearly broken to the upper side. However, as it is now, GBP is above 1.2747 but I'm still hesitant to trade this pair, instead, i'm waiting for a confirmation that this breakout is genuine, then I'll long it towards 1.3489. On the daily chart above, I would remain flat temporarily.
Technical levels:
Resistance levels
R1: 1.1157
R2: 1.1157
R3: 1.1168
Pivot Point
1.1151
Support Levels S1: 1.1135
S2: 1.1143
S3: 1.1147
Trade Signal
flat

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Imelda Maseno
Analyst of «FreshForex» company
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