Remain long towards 1.3660 | 23 November 2017
23 November 2017, GBP/USD
Technical Observation:
Recently, Gbp spiked higher as expected and is currently slightly above a key short term resistance line 1.3280. Unless there's a clear bearish breach below this line, I expect further rise to the upper side with a take profit at 1.3660. On the way upwards, the key hurdles to look for include 1.3379, 1.3578 and 1.3660. If this lines are breached, then further rise towards 1.4478 is expected. My advice, you should wait for a slight retracement to the lower side then but Gbp towards 1.3660.
Technical Levels
Resistance levels
R1: 1.3299
R2: 1.3379
R3: 1.3578
Pivot
1.3181
Support Levels
S1: 1.2783
S2: 1.2982
S3: 1.31
Trade Signal
Remain long towards 1.3660
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.
