Look for a short position around 1.3277 | 13 October 2017
13 October 2017, GBP/USD
Technical Observation:
Gbp continues to rise but is showing signs of getting exhausted upon reaching the 4 hour resistance line 1.3277. Today, I'm patiently waiting for a sell signal around this line, but if the price rise above it, the the price can continue rising towards 1.3465 or even higher to 1.355. As it is on the 4 hour chart above, I can only recommended a short position around 1.3277 with a take profit at 1.3060.
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