Remain long | 03 January 2018
03 January 2018, GBP/USD
Technical Observation:
Gbp is currently rallying with an increasing bullish momentum. Today and in the next few weeks I expect a rise towards 1.3935 and should continue upwards. While the price is supported by 1.3332, only long positions looks more ideal and can be advised towards 1.4520. I may only reconsider a short position below 1.3332, should price break below it with a big red candle, then this will be a good place to look for a short position with my take profit at 1.1509 or even lower.
Technical Levels
Resistance levels
R2: 1.359
R2: 1.3666
R3: 1.3863
Pivot
1.3469
Support Levels
S1: 1.3074
S2: 1.3271
S3: 1.3393
Trade Signal
Remain long with your take profit at 1.4520
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.
