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Pending Buy limit order looks better around 1.3290

Pending Buy limit order looks better around 1.3290 | 19 December 2017

19 December 2017, GBP/USD

Technical Observation:
Yesterday, the support line 1.3290 held intact and should continue holding unless there's a clear breakout below it with a big red candle. As it is on the daily chart above, I expect another bearish pullback to this line to pick a long position with my take profit at 1.3535. A breakout below 1.3290 will mean waiting for a breakout below 1.3221 to confirm further bearish rally towards 1.3115 or even lower. My advice, remain flat and buy Gbp around 1.3290 with your stop loss below 1.3220
Technical Levels
Resistance levels
R1: 1.3506
R2: 1.3632
R3: 1.3851
Pivot
1.3413
Support Levels
S1: 1.2975
S2: 1.3194
S3: 1.3287
Trade Signal
Place a pending buy limit order at 1.3255 and stop loss below 1.3220 and take profit at 1.3535.

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Imelda Maseno
Analyst of «FreshForex» company
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