Buy now towards 1.4585 | 28 December 2017
28 December 2017, GBP/USD
Technical Observation:
Almost a fortnight ago, Gbp was successfully supported by the weekly support line 1.3296. Since then, Gbp has accelerated to the upper side and is still bullish on the weekly chart. Unless there's a clear breakout below the lower supportive trend line with a big red candle, I expect a bullish momentum towards 1.4585. My advice is to remain long, or if you're not long already, you had better look for a low risk buy position with your stop loss below 1.3296 and take profit at 1.4585.
Technical Levels
Resistance levels
R1: 1.3418
R2: 1.3475
R3: 1.3588
Pivot
1.3363
Support Levels
S1: 1.3139
S2: 1.3251
S3: 1.3306
Trade Signal
Buy now towards 1.4585
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.
