26 Oktober 2017, GBP/USD
Technical Observation:
Recently, Gbp bounced off from the daily support line 1.3138, and is still above it. This is a bullish dominance and signals that the bulls are in complete control. Unless the price clearly breaks below the support line 1.3138, I expect a rise towards 1.3665 or even higher to 1.37. On the way upwards, the key lines to look for include 1.3350, 1.3505, and 1.3665. If these lines are broken, then a rise towards 1.37 is expected
Technical Levels
Resistance levels
R1: 1.3235
R3: 1.3262
R3: 1.3336
Pivot
1.3190
Support Levels
S1: 1.3038
S2: 1.3113
S3: 1.316
Trade Signal
Remain long towards 1.3665