Stay long towards 1.4526 | 16 Enero 2018

16 Enero 2018, GBP/USD

Stay long towards 1.4526
Technical Observation:
After being contained above 1.3359, Gbp is showing signs of continuing upwards. Last week's candle was a bullish continuation candle and chances of pushing the price to the upper side are very high, thus, I'm looking forward to a rise towards 1.4526, which is a key weekly resistance level. On the way upwards, the key lines to look for include 1.4025 and 1.4352, if these lines are broken, then I expect further rise towards 1.4526 and even higher.
Technical Levels
Resistance levels
R1: 1.3831
R2: 1.3932
R3: 1.4219
Pivot
1.3783
Support Levels
S1: 1.307
S2: 1.3357
S3: 1.3544
Trade Signal
Stay long towards 1.4526

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Imelda Maseno
Analyst of «FreshForex» company
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