26 Februari 2018, GBP/USD
Technical observation
GBPUSD broke above a key resistance line 1.3803.Price then went up before correcting to the zone twice, I expect possible bullish movements of price towards 1.4615 or even a breakout above it for further a rise in price. I would advise you buy the pair now with your take profit at 1.4615 and stop loss around 1.3550.If price breaks out above 1.4615 with a big green candle wait for a retracement to the zone before you enter long positions .Short positions can only be advised in case there’s a clear break out below 1.3803 with a big red candle a pull back to it towards 1.2785.Right now only long positions look ideal and can be advised.
Technical levels
Resistance levels
R1.1.4061
R2.1.4153
R3.1.4346
Pivot
1.3959
Support levels
S1.1.3868
S2.1.3766
S3.1.3572
Trade signal
Buy GBPUSD now with your take profit at 1.4615 and stop loss around 1.3550