Long Gbp now | 14 November 2017
14 November 2017, GBP/USD
Technical Observation:
Gbp is still stagnating above the support line 1.3138 despite the previous analysis that it could rise towards 1.4373. This, 1.3138, is a key weekly support line and unless there's a clear bearish breakout below it with a big red candle, I expect a rise in price towards 1.4373. In my opinion, now is the best time to long Gbp with your stop loss below the red dotted line and take profit at 1.4373
Technical Levels
Resistance levels
R1: 1.3261
R2: 1.3331
R3: 1.3502
Pivot
1.3159
Support Levels
S1: 1.2817
S2: 1.2988
S3: 1.3089
Trade Signal
Long Gbp now towards 1.4373
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.
