We're short towards 1.1990. | 08 Marzo 2019

08 Marzo 2019, GBP/USD

We're short towards 1.1990.

Technical observation

Just like EUR, GBP was rejected within a resistance zone 1.3439-1.3308 resulting to bearish price momentum towards 1.1990. More of this movement can be anticipated next week and several weeks to come, if you sold GBP within 1.3439-1.3308 hold on to that position with your take profit at 1.1990 and stop loss at 1.3929, if you are not in a trade yet, you can still sell GBP after the current candle closes with your take profit at 1.1990.As long as GBP is contained below 1.3439-1.3308, only short positions look ideal and may be advisable, long positions may only be recommended above 1.3439-1.3308 towards 1.4615.

Trade recommendation

Remain short with your take profit at 1.1990 and stop loss at 1.3929.

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