Long towards 1.3489 | 28 April 2017
28 April 2017, GBP/USD
Technical Observation:
Recently, GBP broke out above 1.2748, pullback towards it and now we're long. I opened a buy trade after this pullback and is still holding, my expectation is for price to rise towards 1.3469. On the daily chart above, nothing has changed much since my previous analysis, I still have my TP fixed at 1.3489 and my SL below 1.2748. My advice, if you went long around 1.2748, remain long towards 1.3489; at the moment sell positions seems too risky to open.
Technical levels:
Resistance levels
R2: 1.2948
R3: 1.3003
Pivot Point
1.2894
Support Levels
S1: 1.2786S2: 1.284
S3: 1.2871
Trade Signal
Long 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.
