Long GBP Towards 1.29 | 18 Abril 2017

18 Abril 2017, GBP/USD

Long GBP Towards 1.29

Technical Observation:

GBPUSD is expected to trade on the higher ranges. After breaking above 1.2526, the price retraced back to retest the same retracement zone 1.2526-1.2552 and could not breach below it. From the Hourly chart, this was the best place to long the pound towards 1.2741. My advice is to hold onto the buy position opened around 1.2554 with your TP at 1.295, abreak above this line will imply streaching your TP towards 1.300, but should not extend beyond 1.330. Your Stop loss should be fixed below the recent lowest low 1.2509.

Technical levels:

Resistance levels

R1: 1.2598

R2: 1.263

R3: 1.2696

Pivot Point

1.2564

Support Levels

S1: 1.2432

S2: 1.2498

S3: 1.2532

Trade Signal

Long GBP towards 1.279

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus