Technical levels:
Gbp is currently trading slightly above it's weekly pivot line 1.3535. Unless there's a clear bearish breach below this pivot line, I expect a rise towards 1.4952. As it is, I'm patiently waiting for a clear rejection from 1.3363 to pick a long position with my take profit at 1.4852. On the way upwards key resistance lines can be seen around 1.3621, 1.3745, and 1.3955, if these lines are clearly breached then the price could rise towards our take profit set at 1.4952. At the moment, I'm only intrested in long position, however, if the price can break below 1.3535, then I may consider a short position towards 1.2104.
Technical Levels
Resistance levels
Resistance levels
R1: 1.3621
R2: 1.3745
R3: 1.3955
Pivot
1.3535
Support Levels
S1: 1.3116
S2: 1.3325
S3: 1.3411
Trade Signal
Buy the GBP around 1.3363 with your take profit at 1.4952
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