GBPUSD – Flat
Technical observation
GBP/USD broke above a resistance zone1.3441-1.3306 with a big green candle, price the retraced to it before moving up towards the resistance line 1.4701.it was rejected before it could reach it and so it pulled back to the support zone and is currently within it.I would advise you buy GBP/USD now with your take profit at 1.4701 and stop loss around 1.2861.In case price breaks above your take profit, wait for a correction to it then continue long with GBP.Only long positions look ideal on the daily chat above and can be recommended. Short positions can be recommended below the zone 1.3441-1.3306.
Technical levels
Resistance levels
R1.1.3428
R2.1.356
R3.1.376
Pivot
1.336
Support levels
S1.1.3228
S2.1.316
S3.1.296
Trade signal
Buy GBP/USD now, with your take profit at 1.4701 and stop loss around 1.2861.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.