13 tháng Ba 2018, GBP/USD
Technical observation
On the previous days,GBP has been trading on an upward trend with four retracements to a support zone (1.3789-1.3756),currently price is correcting to the zone and I expect a rejection of it around the zone and a rise in price towards 1.4271 or even a break out above 1.4271 for a further rise in price. I’m waiting to rebuy GBP around or within (1.3789-1.3756) with my take profit at 1.4271 and stop loss around 1.3629,in case of a break out above 1.4271,I will continue long after a correction to it.If there’s a clear break out below 1.3756,wait for a correction to it before you enter short positions and your target at 1.3057.
Technical levels
Resistance levels
R1.1.3934
R2.1.3965
R3.1.4042
Pivot
1.3888
Support levels
S1.1.3858
S2.1.3811
S3.1.3734
Trade signal
Wait for a pullback to (1.3789-1.3756) to rebuy GBP with your take profit at 1.4271 and stop loss around 1.3629.
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