Long GBPUSD towards 1.3489 | 27 April 2017
27 April 2017, GBP/USD
Technical Observation:
GBP is showing signs of enduring the breakout above 1.2748. I went long following the break above this key resistance and is still holding. Unless there's a clear bearish below 1.2748, a bullish move towards 1.3489 is expected. On the daily chart above, this buy position is worth holding but only towards 1.3489, at the moment, selling this pair is a bit risky and may not be recommended. My advice, remain long with your SL below 1.2748 and TP at 1.3489.
Technical levels:
Resistance levels
R2: 1.2896
R3: 1.2955
Pivot Point
1.2838
Support Levels
S1: 1.272S2: 1.2779
S3: 1.2811
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.
