Long GBP Towards 1.3489 | 25 April 2017

25 April 2017, GBP/USD

Technical Observation:

GBP continues to oscillate above 1.2774 regardless of our expectation to continue upwards. Unless there's a clean breach below 1.2723, I'm only interested on long positions towards 1.3489. From the Daily chart above, my previous buy position is still credible. My advice, if you went long upon the retracement towards 1.2774, leave this position open with your SL slightly below 1.2748 and your TP fixed at 1.3489.

Technical levels:

Resistance levels

R1: 1.2781

R2: 1.2783

R3: 1.2788

Pivot Point

1.2779

Support Levels

S1: 1.277

S2: 1.2775

S3: 1.2777

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.

Anjara

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Imelda Maseno

Analyst of «FreshForex» company

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