29 Maret 2018, GBP/USD
Technical observation
On the 4H chart above,GBP broke up a above a resistance zone (1.4091-1.4065) with a big green candle then went up before correcting to the zone twice. Currently the pair is within the zone and I expect a rejection of it within the zone for bullish movement of price towards the key line 1.4340.You can buy GBP now with your take profit at 1.4340 and stop loss around 1.3988.Remain long in case of a breakout above 1.4340.If price breaks down below (1.4091-1.4065) with a big red candle, Wait for a correction to it to confirm price is on a bearish move before you enter short position towards 1.3988.
Technical levels
Resistance levels
R1.1.4166
R2.1.4172
R3.1.4181
Pivot
1.4163
Support levels
S1.1.4157
S2.1.4153
S3.1.4144
Trade signal
Buy GBP now with your take profit at 1.4340 and stop loss round 1.3988.