Remain long | 19 September 2018

19 September 2018, GBP/USD

Technical observation

GBP/USD is still rising towards the resistance line 1.3119,I expect correction to the supportive zone 1.3056-1.3025 followed by a rejection within it for bullish momentum of price towards the 1.3119 and a breakout above it for a further rise towards the resistance 1.3588.If you picked long position within the above mentioned zone, remain long with your take profit at 1.3119 and stop loss slightly below 1.3025.If you had not bought this pair yet, wait for a correction to 1.3056-1.3025 then pick long positions within it with your first take profit at 1.3119 and the next at 1.3588 and your stop loss slightly below 1.3025

Technical levels

Resistance levels

R1.1.3124

R2.1.3178

R3.1.3266

Pivot

1.313

Support levels

S1.1.3036

S2.1.3002

S3.1.2915

Trade signal

Remain long.

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Imelda Maseno
Analyst of «FreshForex» company
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