Remain long | 22 Desember 2017

22 Desember 2017, GBP/USD

Remain long

Technical Observation:
During this week, the daily support line 1.3290 has held the market to the upper side and is still holding. Unless there's a clear breakout below this support with a big red candle, I expect a rise towards 1.3535 or even higher. The last trading day's candle is bullish continuation candle and could push the price to the upper side towards my take profit set at 1.3535. If you're not long already, you could wait for a pullback to the lower side to pick a long position. As at now, My focus is only on the buy position, I may only reconsider a sell position in case the price breaks below 1.3290 with a big red candle.
Technical Levels
Resistance levels
R1: 1.3506
R2: 1.3632
R3: 1.3851
Pivot
1.3370
Support Levels
S1: 1.2975
S2: 1.3194
S3: 1.3287
Trade Signal
Remain long towards 1.3535

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Imelda Maseno
Analyst of «FreshForex» company
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