Description:
The counter GBPUSD is moving upwards in the support trend line from 11th January. The counter has tested more than twice on the support trend line . The previous entry of the counter is at the price of 1.3651. Since then there is no indication for a breakout or a trend reversal. Therefore long is more preferable for this counter and the bullish trend may continue further. The upward movement of the MACD indicator curves gives additional support to the description.
The major levels for this counter is
R2 –1.3831
R1 –1.3783
PP –1.3696
S1 –1.3649
S2 –1.3562
The counter GBPUSD is moving upwards in the support trend line from 11th January. The counter has tested more than twice on the support trend line . The previous entry of the counter is at the price of 1.3651. Since then there is no indication for a breakout or a trend reversal. Therefore long is more preferable for this counter and the bullish trend may continue further. The upward movement of the MACD indicator curves gives additional support to the description.
The major levels for this counter is
R2 –1.3831
R1 –1.3783
PP –1.3696
S1 –1.3649
S2 –1.3562