Remain long towards 1.3479 | 15 September 2017
15 September 2017, GBP/USD
Technical Observation:
Recently, there was a tremendous rise in price with Gbp almost reaching my take profit set at 1.3475. Today, I still expect a rise towards this resistance or even a breakout above it to continue long towards 1.4455. As it is, Gbp is very bullish and only long positions can be recommended especially towards 1.3479 and also on a breakout above 1.3479. If the price is rejected from 1.3479, then a bearish rally towards 1.2765 will be the next ideal move. Thus, if you're not already long, wait and buy Gbp or a breakout above 1.3479, or short Gbp on rejection from the same line.
Technical levels:
Resistance levels
R1: 1.3333
R2: 1.338
R3: 1.3508
Pivot
1.3252
Support Levels
S1: 1.2995
S2: 1.3123
S3: 1.3205
Trade Signal
Remain long towards 1.3479
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.
