Remain long towards 1.3306 | 13 November 2017
13 November 2017, GBP/USD
Technical Observation:
Following a bounce from the support line 1.3059-1.3048, gbp has been in a constant up trend, and is still showing signs of rising even higher. Just recently, Gbp rose above the short term resistance line 1.3165, and is still rising. The next key resistance line following the just broken line is 1.3306. That said, I expect a rise to this resistance where I'll be looking for a sell trade. Should the price rise above it, 1.3306, then further rise towards 1.3495 is expected.
Technical Levels
Resistance levels
R1: 1.3179
R2: 1.3213
R3: 1.3294
Pivot
1.3132
Support Levels
S1: 1.297
S2: 1.3051
S3: 1.3098
Trade Signal
Remain long towards 1.3306
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.
