Long GBP towards 1.3489 | 24 April 2017
24 April 2017, GBP/USD
Technical Observation:
GBP is currently trading slightly below it's pivot line 1.2814. On the Daily chart above, a long position towards 1.3489 is imminent. Unless there's a clean bearish breach below 1.2723, I will leave the current long position open towards 1.3489; my SL fixed below 1.2745 and my TP at 1.3489. I will only be interested in short positions below 1.2723, this short positions will have a TP at 1.2357 and SL slightly above 1.2911.
Technical levels:
Resistance levels
R2: 1.2874
R3: 1.2934
Pivot Point
1.2814
Support Levels
S1: 1.2693S2: 1.2753
S3: 1.278
Trade Signal
Long GBP towards 1.3489
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.
