Long Towards 1.3555 | 08 Desember 2017

08 Desember 2017, GBP/USD

Long Towards 1.3555
Technical Observation:
Recently, Gbp broke out above the upper trend line acting as a resistance to the falling channel. This is a clear bullish dominance signal and unless there's a clear decline below the same trend line to the lower side, I expect a steady rise towards 1.3555 or even higher. As it is, only a long position seems more ideal and advised towards the just said take profit. The key lines to check for on the upper side include 1.3515, 1.3535 and 1.3555. A break above these lines will surge the price further upwards towards 1.40.
Technical Levels
Resistance levels
R1: 1.3406
R2: 1.347
R3: 1.3645
Pivot
1.3296
Support Levels
S1: 1.2947
S2: 1.3121
S3: 1.3232
Trade Signal
Long towards 1.4630

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Imelda Maseno
Analyst of «FreshForex» company
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