GBP consolidating within a tight range | 11 May 2017

11 May 2017, GBP/USD

GBP consolidating within a tight range
Technical Observation
So far, nothing has changed much since my previous forecast. This pair is still consolidating within a tight range but is showing potentials of trading on the higher ranges unless there's a clear bearish breach below 1.2748. On the daily chart above, I still expect a bullish move towards 1.3489. My advice, if you went long on the first retracement, leave this position open with your target fixed at 1.3489.
Technical levels:
Resistance levels
R1: 1.2969
R2: 1.3009
R3: 1.3069
Pivot Point
1.2949
Support Levels
S1: 1.2828
S2: 1.2888
S3: 1.2909
Trade Signal
Long towards 1.3489

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.