GBP/USD: Trading recommendations
|At the time of publication of this article, GBP / USD is traded near the 1.4100 mark, maintaining a trend towards further gains amid fundamental factors.
The growth targets for the pair are resistance levels at 1.4580 (the upper border of the ascending channel on the weekly chart and the Fibonacci level 50% of the correction to the decline of the GBP / USD pair in the wave that began in July 2014 near the level of 1.7200), 1.4800, 1.4830.
In an alternative scenario, and after the breakdown of the support level 1.3855, GBP / USD may decline to the support level 1.3800, 1.3700 and after their breakdown - to the levels 1.3630, 1.3500.
Support levels: 1.4006, 1.3970, 1.3922, 1.3900, 1.3855, 1.3680, 1.3630, 1.3500, 1.3270, 1.3210.
Resistance levels: 1.4100, 1.4240, 1.4350, 1.4440, 1.4580, 1.4830.
Trading recommendations
Sell Stop 1.4010. Stop-Loss 1.4120. Take-Profit 1.3970, 1.3922, 1.3900, 1.3855, 1.3680, 1.3630, 1.3500, 1.3270, 1.3210.
Buy Stop 1.4120. Stop-Loss 1.4010. Take-Profit 1.4200, 1.4240, 1.4350, 1.4440, 1.4580, 1.4830.
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