Wait | 22 Abril 2019

22 Abril 2019, GBP/USD

Technical observation

Just like EUR this pair is also declining to a supportive level 1.2143, my expectation is either a rally to the line 1.2143 or a correction to the resistance zone 1.3417-1.3301 and a bounce within it to re-sell GBP. If you previously sold this pair within 1.3417-1.3301 after a bounce hold on to that position with your take profit at 1.2143 and stop loss at 1.3766, if you are not in a trade yet, wait for another correction to 1.3417-1.3301 and a rejection within it to sell GBP. Should there be no rejection within 1.3417-1.3301 but a clear penetration above it, possible bullish price momentum towards the line 1.4615 can be anticipated.

Trade recommendation

Wait for a correction to 1.3417-1.3301 to sell GBP with your take profit at 1.2143 and stop loss at 1.3766.

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.