Wait and sell Gbp around 1.3276 | 11 Oktober 2017

11 Oktober 2017, GBP/USD

Wait and sell Gbp around 1.3276

Technical Observation:

As I said on the other day's analysis. Gbp rallied higher yesterday, but could not reach my sell place 1.3276. Unless there's a clear close within or around this line, I remain hesistant to sell Gbp. Should the price rise to this line and then it gets rejected, this will be a good sell place. On the other side, if the price breaks above it, then I expect further rise towards 1.3465 or even higher

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 sell Gbp around 1.3276

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Imelda Maseno
Analyst of «FreshForex» company
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