Remain long towards 1.3311. | 11 September 2017
11 September 2017, GBP/USD
Technical Observation:
After two conservative bullish pin bars, Gbp rose tremendously and is showing signs it could rise even further. If you went long around 1.2856 based on the previous forecast, you should leave this position open, if not, wait for a breakout above 1.3311 to pick a long term long position towards 1.4616, alternatively, if the price is rejected from 1.3311, then you opt for short position towards 1.2795. As at the moment, Gbp is very bullish and therefore only long positions can safely be recommended towards 1.3311.
Technical levels:
Resistance levels
R3:1.32161
R2:1.31663
R1:1.31321
Pivot
1.30823
Support Levels
S1:1.30481
S2:1.29983
S3:1.29641
Trade Signal
Remain long towards 1.3311.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
