Flat | 13 June 2019

13 June 2019, GBP/USD

Technical observation

GBP retraced to the zone 1.2763-1.2748 but could not break above it, it was rejected at it before rallying downwards and is still trading on an increasing bearish bias. As long as GBP is below 1.2763-1.2748, only short positions look ideal and may be recommended, however should there be a clear breakout above 1.2763-1.2748 followed by a correction and a rejection within it then bullish movements of this pair can be expected. If you went short yesterday within 1.2763-1.2748 remain in the trade but not for long, if you’re not in trade yet, remain flat and wait for either a retracement to 1.2763-1.2748 or a break above it.

Trade recommendation

Remain flat.

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