Remain long towards 1.3311. | 11 September 2017

11 September 2017, GBP/USD

Remain long towards 1.3311.
Technical Observation:
After two conservative bullish pin bars, Gbp rose tremendously and is showing signs it could rise even further. If you went long around 1.2856 based on the previous forecast, you should leave this position open, if not, wait for a breakout above 1.3311 to pick a long term long position towards 1.4616, alternatively, if the price is rejected from 1.3311, then you opt for short position towards 1.2795. As at the moment, Gbp is very bullish and therefore only long positions can safely be recommended towards 1.3311.
Technical levels:
Resistance levels
R3:1.32161
R2:1.31663
R1:1.31321
Pivot
1.30823
Support Levels
S1:1.30481
S2:1.29983
S3:1.29641
Trade Signal
Remain long towards 1.3311.

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