Remain long towards 1.3461 | 01 August 2017

01 August 2017, GBP/USD

Remain long towards 1.3461

Technical Observations

As I stated on the previous forecast, Gbp ascended even higher and could rise even further upwards. Unless there's a clear break below 1.3079, I expect an instant rise towards the daily resistance line and even a breakout above to re-buy Gbp towards 1.4673. This is from a bullish perspective, if the price should get rejected from 1.3461 or if the price breaks below 1.3079, then these are the only places I'll consider a short position. On the daily chart above, long position seems more ideal and can be recommended towards 1.3461.

Technical levels:

Resistance levels

R1: 1.3168

R2: 1.3202
R3: 1.3286
Pivot
1.3118
Support Levels
S1: 1.2951
S2: 1.3034
S3: 1.3084
Trade Signal
Remain long towards 1.3461.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus