23 Maret 2018, GBP/USD
Technical observation
Two days ago, GBPUSD broke up above a key resistance line 1.4101 with a big green candle, yesterday; price was corrected to the broken line and is currently showing signs of rising. I expect a rise in price towards 1.4344 and even a breakout above it for further bullish movement of price towards 1.4800.You can buy GBP now with your first take profit at 1.4344 and the next at 1.4800 if there’s a breakout above 1.4344.If price breaches below (1.3792-1.3761) with a big red candle, wait for a correction to it confirming bearish movement of price before you enter short position towards 1.3307.
Technical levels
Resistance levels
R1.1.4105
R2.1.4185
R3.1.4361
Pivot
1.4011
Support levels
S1.1.3929
S2.1.3833
S3.1.3657
Trade signal
Buy GBP now with your take profit at 1.4344 and stop loss around 1.3997