Flat | 10 Oktober 2017

10 Oktober 2017, GBP/USD

Flat

Technical Observation

After a sharp drop last week, Gbp is now recovering, but not with the same momentum with which it fell last week. This day, I'm expecting a rise towards 1.3276 where I'll be shorting Gbp towards 1.30. If this resistance line is broken, then the price could rise even higher towards 1.3525. On the 4 hours above, its good to remain flat and only sell Gbp around 1.3276. On buy upon a breakout above it towards 1.3465.

Technical Levels Resistance levels R1: 1.3211

R2: 1.3302
R3: 1.3445
Pivot 1.3159 Support Levels
S1: 1.2874
S2: 1.3017

S3: 1.306 Trade Signal

Wait and Short Gbp around 1.3276 towards 1.30

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Imelda Maseno
Analyst of «FreshForex» company
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