05 April 2018, GBP/USD
Technical observation
GBPUSD is showing signs of rising, previously the broke above a key line 1.3997 then retraced to it before rising up. Currently the pair is rallying above it and I expect bullish movements towards 1.4273.right now I expect a correction to 1.3997 and a rejection of price within or around it to buy GBP.in case price does not get corrected to 1.3997, wait for a breakout above 1.4273 and a correction to it then buy GBP and if it gets corrected, wait for a rejection before you buy GBP.Right now I would advise you remain flat and wait for a either a correction or a rejection. Sell GBP if price breaks below (1.3785-1.3753).
Technical levels
Resistance levels
R1.1.4164
R2.1.4248
R3.1.4378
Pivot
1.4121
Support levels
S1.1.4034
S2.1.3987
S3.1.3857
Trade signal
Remain flat.