12 июля 2018, GBP/USD
Technical observation
AfterGBP/USD is rallying within the supportive zone 1.3214-1.3201.Unless there’s a clear breach to the lower side with a big red candle, I expect a momentum to the upper side, as it is on the 4Hour chart above, I highly recommend buying the pair now within the zone with your take profit at 1.3437 and stop loss slightly below 1.3201.Should the price break above 1.3201, then I suggest waiting for a correction to the just broken line to continue long with GBP towards 1.3597.Right now only long positions look ideal on the 4Hour chart above and can be advised. Short positions may only be ideal below 1.3021 towards 1.3055.
Technical levels
Resistance levels
R1.1.3305
R2.1.3311
R3.1.3327
Pivot
1.3295
Support levels
S1.1.3289
S2.1.3278
S3.1.3262
Trade signal
Long GBP/USD now with your take profit at 1.3437 and stop loss slightly below 1.3201.
Do you know against which currencies GBP is the most profitable?
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