Remain flat | 07 Enero 2019

07 Enero 2019, GBP/USD

Remain flat

Technical observation

For the past few weeks, price has been rising steadily towards the resistance zone 1.3416-1.3294, my expectation is a rejection within the above mentioned zone followed by bearish price rally towards 1.2164.Right now you can remain neutral and wait for the pullback to 1.3416-1.3294 and a bounce within it to pick short positions with your take profit at 1.2164 and stop loss at 1.3751. In case of a breach below 1.2164, wait for a confirmation of further bearish price rally before you continue short with this pair towards 1.1526.As long as GBP is contained below 1.3416-1.3294 only short positions may be recommended.

Trade recommendation

Remain neutral.

Be the first to get $5 for participation in the webinar 8.30 GMT!

BECOME FRESHFOREX ANALYST!

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