Remain long towards 1.3670 | 24 Oktober 2017

24 Oktober 2017, GBP/USD

Technical Observation:
Gbp is yet to rise to the upper side despite the bullish pin bar seen on Friday last week. I expect a relentless upward rally this this week, especially while the price remains above 1.3160. If you didn't long this pair around 1.3160, you could wait for a pullback towards this line to long Gbp towards 1.3670. On the way upwards, the key lines to check for include 1.3288, 1.3445, and 1.3594. If these lines are broken, then a rise towards my target 1.3670 is expected. As it is, only a long position can be recommended
Technical Levels
Resistance levels
R1: 1.3235
R3: 1.3262
R3: 1.3336
Pivot
1.3189
Support Levels
S1: 1.3038
S2: 1.3113
S3: 1.316
Trade Signal
Remain long towards 1.3670

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Imelda Maseno
Analyst of «FreshForex» company
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