11 April 2018, GBP/USD
Technical observation
On the daily chart above,GBPUSD after retracing at a key support zone thrice is now rising towards a key line 1.4286 and I expect a breakout above it followed by a correction to it for bullish movement of GBP.I would advise you wait for a breakout above 1.4286 and a correction to it then buy GBP with your take profit at 1.4604 and stop loss around 1.4173.In case price does not break above 1.4286 and instead is pulled back to the zone, you can still buy GBP from the zone after the candle closes within or around the zone, Short positions can only be advised in case price breaks below the zone and is corrected to it.
Technical levels
Resistance levels
R1.1.4136
R2.1.4183
R3.1.4307
Pivot
1.4061
Support levels
S1.1.4012
S2.1.3936
S3.1.3812
Trade signal
Wait for a breakout above 1.4286 to buy GBP with your take profit at 1.4604 and stop loss around 1.4173.