Remain flat | 14 Enero 2019

14 Enero 2019, GBP/USD

Technical observation

GBP is rallying between a resistance zone 1.3417-1.3308 and a support 1.2142, my expectation is either a correction to the above mentioned zone or a decline to 1.2142 followed by a breakout below it.Remain flat and wait for either a correction to 1.3417-1.3308 or a decline below 1.2142 to trade this pair, in case of a pullback to 1.3417-1.3308 wait for a bounce within to sell GBP with your take profit at 1.2142 and stop loss at 1.3880 and should there be a clear penetration below 1.2142 then wait for a correction to it confirming a further decline in price before pick short positions. Right now remain flat and wait for either to sell GBP.

Trade recommendation

Remain flat.

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.