Long GBP towards 1.3489. | 26 April 2017

26 April 2017, GBP/USD

Long GBP towards 1.3489.
Technical Observation:
On the daily chart above, the breakout above 1.2748 signifies a break above an outstanding daily resistance line. Unless, this line is breached below, I will hold onto the buy position I executed on Monday with my target still fixed at 1.3489. My advice, If you went long upon retracements towards 1.2746, leave this position open with your TP fixed at 1.3489 and SL slightly below 1.2748.
Technical levels:
Resistance levels
R1: 1.286
R2: 1.2887
R3: 1.2955
Pivot Point
1.2819
Support Levels
S1:1.2683
S2: 1.2751
S3: 1.2792
Trade Signal
Long GBP towards 1.3489.

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Imelda Maseno
Analyst of «FreshForex» company
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