GBPUSD – Flat
Technical observation
While on an upward trend, GBPUSD retraced at a support line 1.3759,price then went up but got rejected a t a resistance zone (1.3946-1.3915),after hours of trading, price broke above the zone and retraced back to it but got rejected, Currently the pair is at the zone and I expect a rejection of price at it to rebuy the pair with my take profit at 1.4270 and stop loss at 1.3881.In case there’s a clear breakout below (1.3946-1.3915) then I would advise you wait for a retracement to the zone before you short GBP with your take profit at 1.3759.
Technical levels
Resistance levels
R1.1.3967
R2.1.3976
R3.1.3999
Pivot
1.3956
Support levels
S1.1.3944
S2.1.393
S3.1.3907
Trade signal
Re buy GBPUSD at (1.3946-1.3915) with your take profit at 1.4270 and stop loss at 1.3881.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.