Long GBP around 1.2768 towards 1.3437 | 15 Mei 2017
15 Mei 2017, GBP/USD
Technical Observation
Recently, GBP rose above a key resistance line 1.2768, retraced back to it for the first time and is showing possible signs of retracing back to it. I expect a possible rest of this level to re-buy GBP towards 1.3437. On the daily chart above, a drop towards 1.2768 is still expected, thus, I've placed a pending buy limit around 1.2768 just incase the price gets back to this. My advice, wait and long GBP around 1.2768 towards 1.3437
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