Long towards 1.3489 | 09 May 2017

09 May 2017, GBP/USD

Long towards 1.3489
Technical Observation
On this pair, nothing has significant has changed since the previous forecast except for few adjustments. On the daily chart above, this pair could retrace for the second time to the just broken line giving conservative traders an ideal entry place. My, advice, if you went long on the first retracement, leave this position open. If not, place a pending buy limit order around 1.2748 with you Stop loss slightly below 1.2735 and Take Profit fixed at 1.3489.
Technical levels:
Resistance levels
R1:1.2975
R2:1.3009
R3:1.3066
Pivot Point
112.99
Support Levels
S1:1.2839
S2: 1.2896
S3: 1.2918
Trade Signal
Long towards 1.3489

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Imelda Maseno
Analyst of «FreshForex» company
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