Long GBP above 1.2747 towards 1.3489. | 31 Mei 2017
31 Mei 2017, GBP/USD
Technical Observation
Recently, GBP retraced back to the daily support line 1.2747, despite the feeling that it could rise following the first retracement. Unless this support is clearly breached to the lower side with a red big candle, I expect a possible rejection from this line to buy GBP towards 1.3489. On the daily chart above, buy positions seems more ideal towards 1.3489 unless 1.2747 is breached to the lower side,
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