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Flat

Flat | 04 December 2018

04 December 2018, GBP/USD

Flat

Technical Observation

GBPUSD is currently trading around a key daily support level 1.2701. While the price is contained above this level, we choose to remain flat. However, should the price break below to the lowerside, then we'll wait for a retracement to the just broken level to pick a long term short order with my take profit at 1.20. And on the flip side, in case the price bounce from 1.2701, then this will be a ideal place to look for a long term long position towards 1.3761. On its way upwards, the key lines to look for include 1.2925 and 1.3125.

Trade Signal

Flat

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Imelda Maseno
Analyst of «FreshForex» company
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