Buy GBP/USD within 1.3056-1.3025 | 17 September 2018
17 September 2018, GBP/USD
Technical observation
After the breakout above the resistance zone 1.3056-1.3025 with a big green candle, there was correction to the just broken zone and a rejection within it. Right now price is moving upwards and I expect arise towards 1.3319 and a possible breakout above it for a further rise towards the upper resistance line 1.3588.I’m waiting to pick long positions within 1.3056-1.3025 with my take profit at 1.3319 and stop loss around 1.2896.Should there be a breach above 1.3319, wait for a retracement to it confirming a further rise in price before you continue long with the pair towards 1.3588.Right now buy GBP/USD within 1.3056-1.3025.
Technical levels
Resistance levels
R1.1.3124
R2.1.3178
R3.1.3266
Pivot
1.309
Support levels
S1.1.3036
S2.1.3002
S3.1.2915
Trade signal
Buy GBP/USD within 1.3056-1.3025 towards 1.3319.
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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.
