Remain long up to 1.3276 | 12 Oktober 2017

12 Oktober 2017, GBP/USD

Remain long up to 1.3276

Technical Observation:

Since Oct 4th, Gbp has been in a constant uptrend but is yet to hit may take profit set at the 4 hour resistance line 1.3276. Unless there's a clear breakout above this resistance line, 1.3276, I expect a rejection from this line to sell Gbp with my take profit set at 1.3070. Should this resistance be broken, then the price could rise higher towards 1.3465, where there will be another sell.

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

Remain long up to 1.3276

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Imelda Maseno
Analyst of «FreshForex» company
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