Buy GBP within 1.3027-1.3013 | 07 November 2018

07 November 2018, GBP/USD

Technical observation

On the 4Hour chart above, GBP/USD went above a key resistance zone 1.3027-1.3013 with a big green candle and is still rallying above it, I expect a correction to the just broken zone and a bounce within it followed by bullish momentum of GBP towards the resistance 1.3243.My advice, wait for a correction to the above mentioned zone then pick long positions within it with your take profit at 1.3243 and stop loss slightly below 1.3013.Should there be a break above 1.3243,wait for a retracement to it before you continue long with this pair. Right now only long positions look ideal and can be advisable on the chart above.

Trade signal

Buy GBP/JPY within 1.3027-1.3013 with your take profit at 1.3243 and stop loss slightly below 1.3013.

Do you know against which currencies GBP is the most profitable?

More trading assets here...

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