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Remain short within your take profit at 1.2698

Remain short within your take profit at 1.2698 | 14 Marzo 2019

14 Marzo 2019, GBP/USD

Remain short within your take profit at 1.2698

Technical observation

Yesterday, GBP rose steadily with a big green candle towards the resistance zone 1.3316-1.3271, it was rejected within it failing to breach above the zone. Right now price is rallying downwards and I expect more of this movements today and several days to come towards the key line 1.2698.If you sold GBP within 1.3316-1.3271 after a bounce, remain short within your take profit at 1.2698 and stop loss at 1.3474.If you had not sold it yet, you can still sell GBP now with your take profit at 1.2698.In case of a clear breach above 1.3316-1.3271 followed by a correction to it, bullish price rally towards 1.3998 can be anticipated.

Trade recommendation

Remain short within your take profit at 1.2698 and stop loss at 1.3474.

Imelda Maseno
Analyst of «FreshForex» company
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