Buy GBp at 1.3904 | 19 March 2018
19 March 2018, GBP/USD
Technical Observation:
Gbp is currently approaching a key 4 hour support line 1.3901. This is a main support and took a big candle to break above, while the price is above it, I expect a surge upwards towards 1.4005 and may break higher to 1.5254. Should the price break below 1.3901, then I expect a spike lower to 1.3725. On the way downwards, the key lines to look for include 1.3845, 1.3805, if these lines are breached, then I expect a surge towards my take profit at 1.3725.
Technical Levels
Resistance levels
R1: 1.3926
R2: 1.3937
R3: 1.3954
Pivot
1.392
Support Levels
S1: 1.3886
S2: 1.3903
S3: 1.3909
Trade Signal
Buy GBp at 1.3904 with take profit at 1.4005
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.
