Technical observation
GBP/USD rose steadily towards 1.3317-1.3281 and I expect a continuation of this momentum on this last day of trading. Currently I’m holding a neutral position as wait for the rise to the above mentioned zone and a bounce within it to re-sell this pair with my take profit at 1.2693 and stop loss around 1.3470.In case price does not rise to 1.3317-1.3281 but instead rallies to 1.2693 then breaks below it, wait for a retracement to it to confirm possible bearish momentum before you sell this pair but should there be a clear penetration above 1.3317-1.3281 with a big green candle, wait for a correction to it before you buy GBP.
Technical levels
Resistance levels
R1.1.2855
R2.1.2881
R3.1.2946
Pivot
1.2824
Support levels
S1.1.279
S2.1.2751
S3.1.2686
Trade signal
Remain flat.
Origin: FreshForex
