27 Febrero 2018, GBP/USD
Technical observation
A breakout was seen when price went above (1.3845-1.3809) and is currently above it.Just now, the price is pulling back to the same zone again and we’re waiting for a clear rebound from this zone to pick a long position with an ultimate target at 1.4265.As long as price is above 1.3845, we’re waiting for a clear buy signal. Wait for a pullback to the zone and a rejection of price within or around it for bearish movement of price. My advice, rebuy GBPUSD around (1.3845-1.3809) or within it with your take profit at 1.4265 and stop loss around 1.3674.If there’s a clear breakout below 1.3809 wait for a correction to the broken zone before you enter short position.
Technical levels
Resistance levels
R1.1.4011
R2.1.4067
R3.1.42
Pivot
1.3934
Support levels
S1.1.3878
S2.1.3801
S3.1.3668
Trade signal
Wait for correction to (1.3845-1.3809)to buy GBPUSD with your take profit at 1.4265 and stop loss around 1.3674.
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