28 Maret 2018, GBP/USD
Technical observation
Recently,GBPUSD broke up above a resistance line 1.4095 then retraced to it, Yesterday’s candle also retraced to the zone and could not penetrate below it and was rejected.currently,GBP is showing signs of rising and I expect a bullish momentum to 1.4800,my advice, buy GBP now with your take profit at 1.4800 and stop loss around 1.3988.If price goes above 1.4800,remain long with GBP after a correction to it.In case there’s a breakout below the support zone (1.3802-1.3755),short GBP after a correction to it.As long as price remains above this zone, only long positions look ideal and can be advised.
Technical levels
Resistance levels
R1.1.4175
R2.1.4217
R3.1.4305
Pivot
1.415
Support levels
S1.1.4087
S2.1.4042
S3.1.3955
Trade signal
Buy GBP now with your take profit at 1.4800 and stop loss around 1.3988.