Long towards 1.3489 | 02 Junio 2017

02 Junio 2017, GBP/USD

Long towards 1.3489

Technical Observation
Recently, GBP retraced back for the second tome to the daily support line 1.2747. I opened a long position following this retracement and is still holding onto this position. On the daily chart above, long positions seems more ideal towards 1.3489. Sell positions can only be recommended upon a clear rejection from 1.3489 or upon a breakout below 1.2747. My advice, if you went long around 1.2747, leave this position open towards 1.3489
Technical levels:
Resistance levels
R1: 1.2925
R2: 1.2963
R3: 1.3049
Pivot Point
1.2878
Support Levels
S1: 1.2706
S2: 1.2792
S3: 1.2839
Trade Signal
Long GBP towards 1.3489

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Imelda Maseno
Analyst of «FreshForex» company
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