Short | 25 August 2017

25 August 2017, GBP/USD

Short

Technical Observation

After breaking below the support line 1.2848, Gbp retraced back to the same zone but go rejected, I'm waiting for a second pullback to this line to pick a short position towards 1.2765. As it is, Gbp is still bearish and could plummet further towards 1.26 or even lower. On the way down, a key support can be seen around 1.2752, wait for this support to be broken to pick a short order.

Technical levels:

Resistance levels R31.28815 R21.28577 R11.28271 Pivot 1.28043 Support Levels S11.27727 S21.27489 S31.27183

Trade Signal

Short GBP around 1.2848.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus