Stay long towards 1.4526 | 16 January 2018
16 January 2018, GBP/USD
Technical Observation:
After being contained above 1.3359, Gbp is showing signs of continuing upwards. Last week's candle was a bullish continuation candle and chances of pushing the price to the upper side are very high, thus, I'm looking forward to a rise towards 1.4526, which is a key weekly resistance level. On the way upwards, the key lines to look for include 1.4025 and 1.4352, if these lines are broken, then I expect further rise towards 1.4526 and even higher.
Technical Levels
Resistance levels
R1: 1.3831
R2: 1.3932
R3: 1.4219
Pivot
1.3783
Support Levels
S1: 1.307
S2: 1.3357
S3: 1.3544
Trade Signal
Stay long towards 1.4526
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.
