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Buy the GBP around 1.3363 with your take profit at 1.4952

Buy the GBP around 1.3363 with your take profit at 1.4952 | 16 Octubre 2017

16 Octubre 2017, GBP/USD

Buy the GBP around 1.3363 with your take profit at 1.4952

Technical Observation:

After a sharp retracement rally, Gbp could not penetrate below the support zone 1.3010-1.3103. I'm still flat even after the first rejection from this zone, I'm waiting for a second pullback to this zone, and buy signal within this zone to buy Gbp with my take profit at 1.3595. On the way upwards, key resistance lines can be seen at 1.3303 and the next resistance line at 1.3486, if these lines are broken, then a rise towards 1.3595 is highly expected.
Technical Levels
Resistance levels
R1: 1.3305
R2: 1.3542

R3: 1.3917

Pivot
1.3176
Support Levels
S1: 1.2415
S2: 1.2791
S3: 1.2929
Trade Signal
Wait for a pullback towards 1.3010-1.3103 to buy Gbp with your take profit at 1.3595

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Imelda Maseno
Analyst of «FreshForex» company
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