18 Januari 2018, GBP/USD
Technical observation
GBPUSD is set above a strong support level 1.3758; this support has been rejected twice confirming uptrend veracity. Major support is seen at the level of 1.3758 because the trend is still showing strength above it .Currently price is rallying towards the zone and I expect a rejection at it to long GBP towards 1.3942, if price breaks below the line, wait for a retracement to it before you short GBP towards 1.3493, or even further below if price goes below 1.3493 towards 1.3310, the key lines to look for on this chart include 1.3942, 1.3493, and 1.3310.
Technical levels
Resistance levels
R1.1.3848
R2.1.3833
R3.1.3826
Pivot
1.3820
Support levels
S1.1.3811
S2.1.3804
S3.1.3790
Trade signal
Buy GBP at level 1.3758 with your take profit at 1.3942 and stop loss slightly below 1.3758