Remain flat | 23 April 2018

23 April 2018, GBP/USD

Technical observation

GBPUSD broke above a key resistance line 1.3286, price then retraced to the line but could not break below it and was rejected. Currently price is rallying above 1.3286 towards 1.4626 and I expect either a rejection of it around the line for bearish movement of price or a breakout above the line followed by a correction to it for bullish movement of price towards 1.5737.I would advise you remain flat and wait for either a breakout above 1.4626 or a rejection around 1.4626 to trade EUR.The lines to look for on your way down are 1.3286 and the key line 1.2687.Remain flat right now.

Technical levels

Resistance levels

R1.1.4252

R2.1.4503

R3.1.4879

Pivot

1.4127

Support levels

S1.1.3876

S2.1.375

S3.1.3374

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.