Remain long towards 1.3665 | 26 October 2017
26 October 2017, GBP/USD
Technical Observation:
Recently, Gbp bounced off from the daily support line 1.3138, and is still above it. This is a bullish dominance and signals that the bulls are in complete control. Unless the price clearly breaks below the support line 1.3138, I expect a rise towards 1.3665 or even higher to 1.37. On the way upwards, the key lines to look for include 1.3350, 1.3505, and 1.3665. If these lines are broken, then a rise towards 1.37 is expected
Technical Levels
Resistance levels
R1: 1.3235
R3: 1.3262
R3: 1.3336
Pivot
1.3190
Support Levels
S1: 1.3038
S2: 1.3113
S3: 1.316
Trade Signal
Remain long towards 1.3665
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.
