Buy GBP now | 12 March 2018

Technical observation

GBPUSD rose up above the 4H resistance line 1.3308,it then retraced at a support line 1.3766 I expect a rise in price towards 1.4800 and a possible breakout above it for a further rise in price towards 1.6751.I would advise you can r buy GBPUSD now with your first take profit at 1.4800 and the next at 1.6751 with your stop loss around 1.3504.In case of a clear breakout below 1.3766 you can enter short position after a correction to it towards 1.2113.Right now only long positions can be advised around the key line 1.3766.The key lines to look for on this chart are,1.4800,1.6751 and 1.3766.

Technical levels

Resistance levels

R1.1.393

R2.1.4012

R3.1.4175

Pivot

1.3848

Support levels

S1.1.3767

S2.1.3685

S3.1.3522

Trade signal

Buy GBP now with your profit at 1.4800 and your stop loss around 1.3504