Technical Analysis Based on Breakout – Long Gbp towards 1.4526

GBPUSD – Flat Technical Observation: Gbp continues to rise after bouncing from the weekly support line 1.3359 and is still in an upward trend. I went long around 1.3319 and is still holding onto this position, My expectations is that the price should continue to rise and should break above 1.398 towards my take profit set at 1.4526. As it is on the weekly chart above, a long position looks more ideal and can be advised towards 1.4526. At the moments, sellers are not given much consideration unless the price is below 1.3620 or below 1.3321. Technical Levels Resistance levels R1: 1.3816 R2: 1.384 R3: 1.3902 Pivot 1.3779 Support Levels S1: 1.3656 S2: 1.3717 S3: 1.3754 Trade Signal Long Gbp towards 1.4526
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