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Abstract：GBP/USD: Trading Recommendations
GBP/USD on Monday 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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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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