31 января 2018, GBP/USD
Technical observation
On the 4H chart above,GBP while on an upward trend retraced at a support zone (1.3943-1.3925),price then rose up to 1.4344 and could not rise beyond the line it got rejected at it and is currently rallying towards the support zone. I expect a possible rejection at the zone to rebuy the pair with my ideal target at 1.4344, in case price breaks below the zone then I advise you wait for a pull back to the zone before you enter short positions with your first take profit at 1.3761 and the next at 1.3491.Right now if you had not entered a trade I would advise you remain flat and wait for a correction to the zone.
Technical levels
Resistance levels
R1.1.4159
R2.1.4172
R3.1.4196
Pivot
1.4150
Support levels
S1.1.4135
S2.1.4124
S3.1.41
Trade signal
Remain flat.
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