Still Flat but looking for a buy | 10 November 2017
10 November 2017, GBP/USD
Technical Observation:
Nothing has changed much in this pair since the other day's analysis. I still expect a rise to the upper side, especially while the price is above 1.3138. If the price can breakout below 1.3138 with a big red candle, then further decline in price towards the weekly support line 1.1698 is expected. As it is on the chart above, I'm only interested in a long position towards 1.4373 or even higher.
Technical Levels
Resistance levels
R1: 1.3252
R2: 1.3428
R3: 1.371
Pivot
1.3148
Support Levels
S1: 1.2581
S2: 1.2863
S3: 1.297
Trade Signal
Still Flat but looking for a buy
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.
