27 tháng Ba 2018, GBP/USD
Technical observation
The pair in the daily chart above retraced at a support zone (1.3802-1.3754) four times while the price was moving up. After the last retracement, price rallied up and is currently approaching a key line 1.4267.I expect a breakout above the line and a correction to it followed by bullish movement of price towards 1.4800.In case of a breakout above 1.4800.I would advise you wait for a breakout above 1.4267 and a correction to it then buy GBP with your take profit at 1.4800 and stop loss around 1.4137.In case of a breakout below the zone, at for a pullback to it before you enter short position towards the key line 1.3307.
Technical levels
Resistance levels
R1.1.4175
R2.1.4217
R3.1.4305
Pivot
1.413
Support levels
S1.1.4087
S2.1.4042
S3.1.3955
Trade signal
Wait for a breakout above 1.4267 to buy GBP with your take profit at 1.4800 and stop loss around 1.4137
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