Rebuy gbp around 1.3610 | 15 January 2018
15 January 2018, GBP/USD
Technical Observation:
On the weekly chart above, key resistance lines can be seen at 1.3831, 1.3932, and 1.4219. If these lines are breached, then I expect a rise towards 1.4528 or even higher. This rally is likely to mature since last week's candle was a perfect bullish continuation candle and will push the price further upwards. As is it on the weekly chart, I can only advice looking for long term long position towards 1.4528. should the price pullback to the lower side, then I'll be waiting for a buy trade around 1.3610 with my take profit still fixed at 1.4528.
Technical Levels
Resistance levels
R1: 1.3831
R2: 1.3932
R3: 1.4219
Pivot
1.3645
Support Levels
S1: 1.307
S2: 1.3357
S3: 1.3544
Trade Signal
Rebuy gbp around 1.3610 towards 1.4528
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.
