Look for long positions towards 1.3461 | 31 Juli 2017

31 Juli 2017, GBP/USD

Look for long positions towards 1.3461

Technical Observation

Gbp has been in a constant up trend, but it looks like this trend is weaken. If the price can maintain above 1.3114, then I highly expect an upward push towards the daily resistance line 1.3461 and could break even higher. A key daily support lines can be seen at 1.2752 and 1.2824, if price can pullback to these lines,especially 1.2752, then this will provide the best place to long gbp towards 1.3114. A breakout below will push the price lower towards the next support line 1.2167. According to the daily charts above, I'd remain long and hold onto a bullish bias sentiment unless 1.3114 is breached to the lower side.

Technical levels:

Resistance levels

R1: 1.3163

R2: 1.321
R3: 1.3339
Pivot
1.3082
Support Levels
S1: 1.2824
S2: 1.2952
S3: 1.3034
Trade Signal
Looking for long positions towards 1.3461

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.