Long GBP now | 26 Februari 2018

26 Februari 2018, GBP/USD

Long GBP now

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

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Imelda Maseno
Analyst of «FreshForex» company
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