22 Noviembre 2017, GBP/USD
Technical Observation:
Even after last week's weekly bullish pin bar. Gbp is yet to spike upwards as I expected. Gbp is still bullish and only a buy position can be advised. At the moment, if you're not short from 1.3071, you could wait for a breakout above the short term 4 hour resistance line 1.3292 then buy Gbp with a take profit at 1.3576. On the upper side, the key lines to look for include 1.3492, 1.3335 and 1.3576. If these lines are breached, then a rise towards the weekly resistance line 1.4478 is expected.
Technical Levels
Resistance levels
R1: 1.3285
R2: 1.3323
R3: 1.3405
Pivot
1.3242
Support Levels
S1: 1.3078
S2: 1.316
S3: 1.3203
Trade Signal
Look for a long position with the first take profit at 1.3292 and the next at 1.3576