Flat | 10 October 2017
10 October 2017, GBP/USD
Technical Observation
After a sharp drop last week, Gbp is now recovering, but not with the same momentum with which it fell last week. This day, I'm expecting a rise towards 1.3276 where I'll be shorting Gbp towards 1.30. If this resistance line is broken, then the price could rise even higher towards 1.3525. On the 4 hours above, its good to remain flat and only sell Gbp around 1.3276. On buy upon a breakout above it towards 1.3465.
Technical Levels Resistance levels R1: 1.3211
R2: 1.3302
R3: 1.3445
Pivot 1.3159 Support Levels
S1: 1.2874
S2: 1.3017
S3: 1.306 Trade Signal
Wait and Short Gbp around 1.3276 towards 1.30
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.
