Technical Analysis Based on Breakout – Look for long positions towards 1.3461

GBPUSD – Flat Technical Observation Gbp has been in a constant up trend, but it looks like this trend is weaken. If the price can maintain above 1.3114, then I highly expect an upward push towards the daily resistance line 1.3461 and could break even higher. A key daily support lines can be seen at 1.2752 and 1.2824, if price can pullback to these lines,especially 1.2752, then this will provide the best place to long gbp towards 1.3114. A breakout below will push the price lower towards the next support line 1.2167. According to the daily charts above, I’d remain long and hold onto a bullish bias sentiment unless 1.3114 is breached to the lower side. Technical levels: Resistance levels R1: 1.3163 R2: 1.321 R3: 1.3339 Pivot 1.3082 Support Levels S1: 1.2824 S2: 1.2952 S3: 1.3034 Trade Signal Looking for long positions towards 1.3461
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