Gbp could rise towards 1.3489 | 03 July 2017
03 July 2017, GBP/USD
Technical Observation
Looked at from a wider point of view, Gbp merely tested the daily support line 1.2747 and has currently picked a momentum to the upper side. I expect a rise towards 1.3489 and a breakout . On the daily chart above, long positions seems more ideal but if the price can decline below 1.2747, then I may consider a short term short position towards 1.2082.
Technical levels:
Resistance levels
R1: 1.3031
R2: 1.3056
R3: 1.3121
Pivot
1.2991
Support Levels
S1: 1.286
S2: 1.2925
S3: 1.2965
Trade Signal
Gbp could rise 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.
