Remain long towards 1.3479 | 15 September 2017

15 September 2017, GBP/USD

Remain long towards 1.3479
Technical Observation:
Recently, there was a tremendous rise in price with Gbp almost reaching my take profit set at 1.3475. Today, I still expect a rise towards this resistance or even a breakout above it to continue long towards 1.4455. As it is, Gbp is very bullish and only long positions can be recommended especially towards 1.3479 and also on a breakout above 1.3479. If the price is rejected from 1.3479, then a bearish rally towards 1.2765 will be the next ideal move. Thus, if you're not already long, wait and buy Gbp or a breakout above 1.3479, or short Gbp on rejection from the same line.
Technical levels:
Resistance levels
R1: 1.3333
R2: 1.338
R3: 1.3508
Pivot
1.3252
Support Levels
S1: 1.2995
S2: 1.3123
S3: 1.3205
Trade Signal
Remain long towards 1.3479

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Imelda Maseno
Analyst of «FreshForex» company
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