flat | 13 September 2017

13 September 2017, GBP/USD

flat
Technical Observation
Finally, Gbp has reached my target take profit set at 1.3322. I took my profits yesterday, and is still assessing the market for a breakout above 1.3322 to pick another buy position towards 1.4730. If the price breakouts above the weekly Resistance line 1.3322, then I'll wait for a pullback towards the just broken line to pick a long position towards 1.4730. on the way upwards, key resistance lines can be seen around 1.3671, 1.4102 and 1.4617. If the price is rejected from 1.3322, then a short position will be more ideal towards 1.2726.
Technical levels:
Resistance levels
R1: 1.331
R2: 1.3425
R3: 1.3741
Pivot
1.3109
Support Levels
S1: 1.2477
S2: 1.2793
S3: 1.2994
Trade Signal
flat

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .