flat | 13 September 2017
13 September 2017, GBP/USD
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
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.
