Remain long towards 1.3670 | 24 October 2017
24 October 2017, GBP/USD
Technical Observation:
Gbp is yet to rise to the upper side despite the bullish pin bar seen on Friday last week. I expect a relentless upward rally this this week, especially while the price remains above 1.3160. If you didn't long this pair around 1.3160, you could wait for a pullback towards this line to long Gbp towards 1.3670. On the way upwards, the key lines to check for include 1.3288, 1.3445, and 1.3594. If these lines are broken, then a rise towards my target 1.3670 is expected. As it is, only a long position can be recommended
Technical Levels
Resistance levels
R1: 1.3235
R3: 1.3262
R3: 1.3336
Pivot
1.3189
Support Levels
S1: 1.3038
S2: 1.3113
S3: 1.316
Trade Signal
Remain long towards 1.3670
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.
