Wait for a breakout above 1.4014 | 21 Marzo 2018

21 Marzo 2018, GBP/USD

Wait for a breakout above 1.4014

Technical observation

GBPUSD retraced at a support zone (1.3792-1.3761) while o an upward trend,Currently,the pair is racing towards a resistance line 1.4101 which is a good sell place for short term traders.Im expecting a breakout above 1.4101 for bullish movement of price towards 1.4344.Short term traders can sell GBP around 1.4101 with your take profit within (1.3792-1.3761) and your stop loss around 1.4192.In case of a breakout above 1.4101,wait for a pullback to the zone to long GBP towards 1.4344 and stop loss around 1.4014.if price breaks below (1.3792-1.3761)wait for a retracement to the zone to confirm bearish movement before you sell GBP.

Technical levels

Resistance levels

R1.1.4105

R2.1.4185

R3.1.4361

Pivot

1.4009

Support levels

S1.1.3929

S2.1.3833

S3.1.3657

Trade signal

Wait for a breakout above 1.4014

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.