GBPUSD – Flat
Technical observation
Recently GBPUSD broke above a resistance zone (1.3384-1.3243),and is currently still above it.as long as price remains above this zone I expect a possible bullish momentum towards 1.4604.I expect a pullback to the zone and a rejection of price at the zone to buy GBP with my take profit at 1.4606,Ican still wait for a breakout above 1.4604 then buy GBP after a correction to the line with my take profit at 1.5749, right now ,as long as price remains above (1.3384-1.3243),only long positions can be recommended towards 1.5749.If price breaches below the zone then wait for a retracement at it before you enter short positions .
Technical levels
Resistance levels
R1.1.3959
R2.1.4063
R3.1.4284
Pivot
1.3842
Support levels
S1.1.3738
S2.1.362
S31.3399
Trade signal
Wait for a breakout above 1.4604 then buy GBP after a correction to the line with your take profit at 1.5749 and stop loss at 1.4267.
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