Rise towards 1.2765 | 27 June 2017
27 June 2017, GBP/USD
Technical Observation
Gbp continues to rise instead of going short below 1.2762. Unless 1.2762 is clearly breached to the upper side with a big green candle, I expect a rejection from 1.2762 to short Gbp towards 1.2634. A breakout above 1.2762 will mean waiting for a pullback to the just broken zone to long Gbp towards 1.2975. As it is, I expect a rise towards 1.2762.
Technical levels:
Resistance levels
R1: 1.2745
R2: 1.2770
R3: 1.2818
Pivot Point
1.2729
Support Levels
S1: 1.2624
S2: 1.2672
S3: 1.2696
Trade Signal
I'll only consider a buy position above 1.2762.
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.
