Sell GBP/USD within 1.3417-1.3308 | 12 Noviembre 2018

12 Noviembre 2018, GBP/USD

Sell GBP/USD within 1.3417-1.3308

Technical observation

Price is rallying below the resistance zone 1.3417-1.3308 and I expect a pullback to it followed by rejection within it for downwards momentum of GBP. My advice, wait for a correction to 1.3417-1.3308 and a rejection within it to short GBP with your take profit at 1.1990 and stop loss slightly above 1.3417.In case of a clear breach below 1.1990, wait for a confirmation of further bearish momentum of price before you continue short with GBP. Should there be a clear break above 1.3417, wait for a confirmation of bullish momentum of price before you pick long positions with your ideal target at the resistance 1.4615.

Trade recommendation

Wait for a correction to 1.3417-1.3308 to sell GBP.

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

Sell GBP/USD within 1.3417-1.3308

More trading assets here...

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