GBPUSD – Flat Technical Observation: GBP is showing signs of enduring the breakout above 1.2748. I went long following the break above this key resistance and is still holding. Unless there’s a clear bearish below 1.2748, a bullish move towards 1.3489 is expected. On the daily chart above, this buy position is worth holding but only towards 1.3489, at the moment, selling this pair is a bit risky and may not be recommended. My advice, remain long with your SL below 1.2748 and TP at 1.3489. Technical levels: Resistance levels R1: 1.287 R2: 1.2896 R3: 1.2955 Pivot Point 1.2838 Support Levels S1: 1.272 S2: 1.2779 S3: 1.2811 Trade Signal Long GBP towards 1.3489
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