08 January 2018, GBP/USD
Technical observation
On the 4 hours chart above GBPUSD has been trading on an uptrend but on this day 29.12,17 price broke above this key zone(1.3506-1.3493) before retracing back to the same zone twice on 02.01.18 and 03.01.18.I expect GBP to continue long towards the Keyline 1.3606 or even break it to continue further up, if you had not traded GBP, wait for a pullback to the zone (1.3506-1.3493) to enter into long position.Incase price breaks below the zone, wait for a retracement to confirm that the price is in a bearish trend to short GBP towards the zone (1.3301-1.3283)
Technical levels
Resistance levels
R1.1.3592
R2.1.3617
R3.1.3677
Pivot
1.3557
Support levels
S1.1.3532
S2.1.3497
S3.1.3438
Trade signal
Wait for retracement o the key zone (1.3506-1.3493) to long GBP towards 1.3606