Remain flat | 05 April 2018

05 April 2018, GBP/USD

Remain flat

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.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.