Buy GBP now | 23 March 2018

23 March 2018, GBP/USD

Buy GBP now

Technical observation

Two days ago, GBPUSD broke up above a key resistance line 1.4101 with a big green candle, yesterday; price was corrected to the broken line and is currently showing signs of rising. I expect a rise in price towards 1.4344 and even a breakout above it for further bullish movement of price towards 1.4800.You can buy GBP now with your first take profit at 1.4344 and the next at 1.4800 if there’s a breakout above 1.4344.If price breaches below (1.3792-1.3761) with a big red candle, wait for a correction to it confirming bearish movement of price before you enter short position towards 1.3307.

Technical levels

Resistance levels

R1.1.4105

R2.1.4185

R3.1.4361

Pivot

1.4011

Support levels

S1.1.3929

S2.1.3833

S3.1.3657

Trade signal

Buy GBP now with your take profit at 1.4344 and stop loss around 1.3997

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Imelda Maseno
Analyst of «FreshForex» company
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