The cable approaching a monthly support set at 1.27355. | 15 Febrero 2019

15 Febrero 2019, GBP/USD

Conservative traders should wait and buy a bounce from1.27355.

Wave Analysis

During the previous trading day, the cable made a fresh weekly low, but is still above the weekly support level 1.27355. The level 1.27355 is both a weekly and a monthly support and as long as the price remains above it, we expect a possible bounce from it to pick a low risk buy order towards 1.42339. As it is, on the weekly chart, while the price is above 1.27355, we're looking for a buy order, but should the price close below 1.27355 by the end of this month, then we're continuing short with an ultimate target at 1.20615.

Trade Recommendations:

Rebuy the cable around 1.27355 towards 1.42339.

BECOME FRESHFOREX ANALYST!

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.