Long Gbp now towards 1.4365 | 29 December 2017

29 December 2017, GBP/USD

Long Gbp now towards 1.4365
Technical Observation:
Since bouncing from the Brexit's lowest low 1.1530. Gbp- has remained confined above the rising trend line and is not showing any signs or breaking below it. Unless the price clearly breaks below 1.3302 and also below the lower trend line with a big red candle, I expect a momentum to the upper side. On the way upwards, the key lines to look for include 1.3635, 1.4130 and 1.4375. A breakout above these lines will push the price further upwards towards 1.4565 or even higher.
Technical Levels
Resistance levels
R1: 1.3393
R2: 1.3413
R3: 1.3455
Pivot
1.337
Support Levels
S1: 1.3286
S2: 1.3328
S3: 1.3351
Trade Signal
Long Gbp now towards 1.4365

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Imelda Maseno
Analyst of «FreshForex» company
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