12 января 2018, GBP/USD
Technical observation
chart above is upward. Price retraced at key support zone(1.3507-1.3493) and currently is still rallying above the zone and I expect a bounce from it to buy GBP but not for a long time with my take profit at 1.3580 and stop loss at 1.3456. if price breaks my take profit then ill wait for a pull back to it and buy GBP again.Incase price breaks below the zone then wait for a retracement to the just broken zone to short GBP towards 1.3299.As at niw,only long positions can be advised.The key lines to look for on this chart are 1.3299 and 1.3580.
Technical levels
Resistance levels
R1.1.3549
R2.1.3555
R21.3562
Pivot
1.3550
Support levels
S1.1.3545
S2.1.3542
S3.1.3535
Trade signal
Buy GBP with your take profit at 1.3580 and stop loss at 1.3456.
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