Rise towards 1.2765 | 27 Juni 2017

27 Juni 2017, GBP/USD

Rise towards 1.2765

Technical Observation

Gbp continues to rise instead of going short below 1.2762. Unless 1.2762 is clearly breached to the upper side with a big green candle, I expect a rejection from 1.2762 to short Gbp towards 1.2634. A breakout above 1.2762 will mean waiting for a pullback to the just broken zone to long Gbp towards 1.2975. As it is, I expect a rise towards 1.2762.

Technical levels:

Resistance levels

R1: 1.2745

R2: 1.2770

R3: 1.2818

Pivot Point

1.2729

Support Levels

S1: 1.2624

S2: 1.2672
S3: 1.2696
Trade Signal
I'll only consider a buy position above 1.2762.

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Imelda Maseno
Analyst of «FreshForex» company
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