Remain long towards 1.3576 | 21 November 2017

21 November 2017, GBP/USD

Remain long towards 1.3576
Technical Observation:
Despite the bullish pin bar candle seen on the previous week's candle, Gbp is yet to make any significant move to the upper side. Today and during the next few days, I expect a rise towards 1.3576 or even higher. As it is on the weekly chart above, only a long position can be recommended towards the take profit mentioned above. On the way upwards, the key lines to look for include 1.3335, 1.34 and 1.3575. If these lines are broken, then further rise towards 1.41 is expected.
Technical Levels
Resistance levels
R1: 1.3224
R2: 1.3253
R3: 1.3327
Pivot
1.318
Support Levels
S1: 1.3032
S2: 1.3106
S3: 1.315
Trade Signal
Remain long towards 1.3576

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Imelda Maseno
Analyst of «FreshForex» company
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