23 February 2018, GBP/USD
Technical observation
The pair on the daily chart above was rejected yesterday around the support zone (1.3941-1.3803) when price could not reach the zone or even penetrate it.I expect possible bullish movement of price towards 1.4263or even a breakout above it for further increase in price, my advice, buy the pair now with your take profit at 1.4263 and stop loss around 1.3597,in case there’s a breakout above 1.4263,wait for a retracement to it before you continue long, if there’s a clear breach of price below (1.3941-1.3803) wait for a correction of price within or around the zone before you enter short positions with your target around 1.3304.
Technical levels
Resistance levels
R1.1.412
R2.1.4206
R3.1.4353
Pivot
1.4067
Support levels
S1.1.3973
S2.1.3911
S3.1.3764
Trade signal
Re buy GBPUSD now with your take profit at 1.4263 and stop loss around 1.3597.
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