12 Marzo 2018, GBP/USD
Technical observation
GBPUSD rose up above the 4H resistance line 1.3308,it then retraced at a support line 1.3766 I expect a rise in price towards 1.4800 and a possible breakout above it for a further rise in price towards 1.6751.I would advise you can r buy GBPUSD now with your first take profit at 1.4800 and the next at 1.6751 with your stop loss around 1.3504.In case of a clear breakout below 1.3766 you can enter short position after a correction to it towards 1.2113.Right now only long positions can be advised around the key line 1.3766.The key lines to look for on this chart are,1.4800,1.6751 and 1.3766.
Technical levels
Resistance levels
R1.1.393
R2.1.4012
R3.1.4175
Pivot
1.3848
Support levels
S1.1.3767
S2.1.3685
S3.1.3522
Trade signal
Buy GBP now with your profit at 1.4800 and your stop loss around 1.3504