Gbp could rise towards 1.3489 | 03 July 2017

03 July 2017, GBP/USD

Technical Observation

Looked at from a wider point of view, Gbp merely tested the daily support line 1.2747 and has currently picked a momentum to the upper side. I expect a rise towards 1.3489 and a breakout . On the daily chart above, long positions seems more ideal but if the price can decline below 1.2747, then I may consider a short term short position towards 1.2082.

Technical levels:

Resistance levels

R1: 1.3031

R2: 1.3056

R3: 1.3121

Pivot

1.2991

Support Levels

S1: 1.286

S2: 1.2925
S3: 1.2965
Trade Signal
Gbp could rise towards 1.3489

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Imelda Maseno
Analyst of «FreshForex» company
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