Wait | 20 Noviembre 2018

20 Noviembre 2018, GBP/USD

Technical observation

The pair on the hourly chart above retraced at a key resistance zone 1.2871-1.2863 severally before moving down and currently price is rallying below it. I expect either bearish momentum towards 1.2734 or a clear breakout above the zone mentioned above with a big green candle for possible bullish rally towards 1.3036.In case of a rejection within 1.2871-1.2863, pick short positions within it with your take profit at 1.2734 and stop loss slightly above 1.2871 and should there be a clear break above 1.2871, wait for a confirmation of possible bullish momentum of GBP before you pick long positions with your ideal target at 1.3036.

Trade recommendation

Wait for a rejection within 1.2871-1.2863 to sell GBP/USD towads 1.2734.

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

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.