Long GBP towards 1.3489. | 26 April 2017
26 April 2017, GBP/USD
Technical Observation:
On the daily chart above, the breakout above 1.2748 signifies a break above an outstanding daily resistance line. Unless, this line is breached below, I will hold onto the buy position I executed on Monday with my target still fixed at 1.3489. My advice, If you went long upon retracements towards 1.2746, leave this position open with your TP fixed at 1.3489 and SL slightly below 1.2748.
Technical levels:
Resistance levels
R2: 1.2887
R3: 1.2955
Pivot Point
1.2819
Support Levels
S1:1.2683S2: 1.2751
S3: 1.2792
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.
