Wait for a correction to (1.4072-1.4023) | 14 Febrero 2018

14 Febrero 2018, GBP/USD

Wait for a correction to (1.4072-1.4023)

Technical observation

The pair on the daily chart above recently broke down below a support zone (1.4072-1.4023) with a big red candle, The pair was then corrected to the zone with a bullish pin bar tail then price went down, right now GBPUSD is pulling back to the resistance zone and I expect a possible rejection of it at the zone and further decline In price towards 1.3786 and if this key line gets broken too then I expect price to continue down to 1.3304 or even lower to 1.3049.right now only short positions look ideal and can be advised around (1.4072-1.4023) with your first take profit at 1.3786 and the next at 1.3304 and your stop loss around 1.4188

Technical levels

Resistance levels

R1.1.3953

R2.1.4082

R3.1.4306

Pivot

1.3862

Support levels

S1.1.373

S2.1.3636

S3.1.3412

Trade signal

Short GBPUSD around (1.4072-1.4023) with your first take profit at 1.3786 and your stop loss around 1.4188.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus