18 Juni 2018, GBP/USD
Technical observation
GBP/USD is trading on an upward trend, price broke above a resistance 1.3243 it the corrected to it before it went up towards the resistance zone 1.4735-1.4615, it could not reach the zone and so it pulled back to 1.3243 before moving up a few weeks ago. Last week’s candle was a retracement to 1.3243, it did not penetrate below it and closed around it.As long as 1.3243 protects the upper side I expect a bullish momentum towards 1.4735-1.4615 and a breakout above it for further bullish movements of price towards 1.5737.You can long the pair now with your ideal target at 1.4735 and stop loss around 1.2807.
Technical levels
Resistance levels
R1.1.3415
R2.1.3549
R3.1.3785
Pivot
1.3313
Support levels
S1.1.3179
S2.1.3077
S3.1.2841
Trade signal
Long GBP/USD now with your ideal target at 1.4735 and stop loss around 1.2807.
101% Double the volume