Buy around 1.3305 towards 1.4597 | 18 Desember 2017
18 Desember 2017, GBP/USD
Technical Observation:
On the last trading day last week, Gbp fell relentlessly but failed to penetrate below the daily support line 1.3305. This is a clear demand line and while the price is contained above it, I'm only interested in a buy position. Ideally, I expect a clear rejection from this line to pick long term long position with my take profit at 1.4597. Short positions can only be advised in case the price goes clearly below 1.3305, and even then, I'll wait for a break below 1.3289 to confirm a rally towards 1.3054.
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