GBPUSD – Flat Technical Observation: After descending below 1.3366-1.3325, Gbp is currently pulling back to the same zone in a consolidating matter. Unless there’s a clear breakout above this zone with a big green candle, I expect a rejection from this zone to short Gbp towards the hourly support line seen at 1.3320. If the price breaks above 1.3366 with a big green candle, then this will be a confirmation that the price will continue to rise towards 1.3540 or even higher. As it is, only a sell position can be advised with a take profit at 1.3320. Technical Levels Resistance levels R1: 1.3406 R2: 1.347 R3: 1.3645 Pivot 1.3296 Support Levels S1: 1.2947 S2: 1.3121 S3: 1.3232 Trade Signal Short Gbp Now towards 1.3220
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_126278.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
