Remain long towards 1.3607 | 30 November 2017
30 November 2017, GBP/USD
Technical Observation:
As I suggest earlier this month following the bullish pin bar, Gbp has been rising tremendously to the upper side but is yet to reach my take profit set at 1.3607. I expect further rise towards my take profit or even a breakout above. If you didn't go long after the bullish pin supported at 1.3071, wait for minor retracements to the lower side then Buy Gbp with your take profit fixed at 1.3607, and the next take profit at 1.4720. Alternatively, you could wait for a breakout above 1.3607, then Buy Gbp towards 1.4720
Technical Levels
Resistance levels
R1: 1.3441
R2: 1.361
R3: 1.3985
Pivot
1.3488
Support Levels
S1: 1.2483
S2: 1.2858
S3: 1.3065
Trade Signal
Remain long towards 1.3607
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.
