Technical Analysis Based on Breakout – Remain long towards 1.3607
GBPUSD – Flat Technical Observation: As I suggest earlier this month following the bullish pin bar, Gbp has been rising tremendously to the upper side but is yet to reach my take profit set at 1.3607. I expect further rise towards my take profit or even a breakout above. If you didn’t go long after the bullish pin supported at 1.3071, wait for minor retracements to the lower side then Buy Gbp with your take profit fixed at 1.3607, and the next take profit at 1.4720. Alternatively, you could wait for a breakout above 1.3607, then Buy Gbp towards 1.4720 Technical Levels Resistance levels R1: 1.3441 R2: 1.361 R3: 1.3985 Pivot 1.3488 Support Levels S1: 1.2483 S2: 1.2858 S3: 1.3065 Trade Signal Remain long towards 1.3607
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