Remain flat temporarily. | 21 September 2018

21 September 2018, GBP/USD

Remain flat temporarily.

Technical observation

GBP/USD is rising steadily towards the resistance 1.3319, I expect a bounce of price at it for possible bearish momentum toward 1.3056 or a possible breach above it with a big green candle followed by a correction to it for a possible bullish momentum towards the resistance 1.3588 or even higher to 1.3999.Right now remain flat temporarily and wait for price at 1.3319, should there be a bounce at it, short GBP at it with your take profit at 1.3056 and stop loss around 1.3440,and should there be clear breakout above it, wait for a correction to it before you buy GBP with your take profit at 1.3588 and stop loss around 1.3195.

Technical levels

Resistance levels

R1.1.3124

R2.1.3178

R3.1.3266

Pivot

1.317

Support levels

S1.1.3036

S2.1.3002

S3.1.2915

Trade signal

Remain flat temporarily.

Do you know against which currencies GBP is the most profitable?

Remain flat temporarily.

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Imelda Maseno
Analyst of «FreshForex» company
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