Long towards 1.3604 | 05 January 2018
05 January 2018, GBP/USD
Technical Observation:
As I analysed yesterday, Gbp bounced perfectly from the support line 1.3503 and has currently gained a momentum to the upper side. Today, I expect further momentum to the upper side towards the 4 hour resistance line 1.3604 and should breakout above to continue upwards. Any clear breach above 1.3604 will mean the price could continue to rise with the next take profit at 1.3833.
Technical Levels
Resistance levels
R1: 1.3586
R2: 1.3659
R3: 1.3778
Pivot
1.3541
Support Levels
S1: 1.3301
S2: 1.3421
S3: 1.3466
Trade Signal
Long towards 1.3604
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.
