27 Juli 2017, GBP/USD
Technical Observation
Recently, a breakout was seen when Gbp went above the short term resistance line 1.3101. This was the confirmation I was waiting for according to yesterday's analysis, I expect an ascend towards the daily resistance line 1.3461. A breakout above this line will push the price further upwards towards the next key resistance line 1.4673. On the daily chart above, long positions seems more ideal especially while the price remains above the line 1.3101, if this line can be breached to the lower side, then a decline in price towards 1.2752 is expected.
Technical levels:
Resistance levels
R1: 1.3163