Technical Analysis Based on Breakout – Long GBP towards 1.3489.

GBPUSD – Flat Technical Observation: On the daily chart above, the breakout above 1.2748 signifies a break above an outstanding daily resistance line. Unless, this line is breached below, I will hold onto the buy position I executed on Monday with my target still fixed at 1.3489. My advice, If you went long upon retracements towards 1.2746, leave this position open with your TP fixed at 1.3489 and SL slightly below 1.2748. Technical levels: Resistance levels R1: 1.286 R2: 1.2887 R3: 1.2955 Pivot Point 1.2819 Support Levels S1:1.2683 S2: 1.2751 S3: 1.2792 Trade Signal Long GBP towards 1.3489.
You may check other analytical reviews on the web-site of FreshForex company. Source: