06 Abril 2018, GBP/USD
Technical observation
Yesterday instead of moving up,GBPUSD corrected to the key line perfectly and is currently at it.I expect bullish movements of price towards the key line 1.4273 and a breakout above it followed by a further rise in price. If price does not move up and instead breaks down below 1.3997, you can wait for a correction and a rejection of it at the zone (1.3785-1.3753) then buy GBP from the zone, as long as price remains above this zone, only long possible look ideal and can be advised. If price breaks below it with a big red candle, wait for a pullback to it to confirm price is moving down before you short GBP.
Technical levels
Resistance levels
R1.1.4164
R2.1.4248
R3.1.4378
Pivot
1.4121
Support levels
S1.1.4034
S2.1.3987
S3.1.3857
Trade signal
Wait for a rejection of price at 1.3997 to buy GBP with your take profit at 1.4273 and stop loss around 1.3910.
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