Remain neutral | 03 May 2019

03 May 2019, GBP/USD

Technical observation

GBP is trading below a zone 1.3417-1.3301 on an increasing bullish bias and I expect a close below it followed by more bullish movements next week towards the zone. Right now remain neutral and wait for a correction to 1.3417-1.3301 and a rejection within it to sell GBP with your take profit at 1.2143 and stop loss at 1.4001, if this take profit is hit and there’s a clear beak below it, more surge to the lower side can be anticipated, however, should there be a clear penetration above 1.3417-1.3301 followed by a correction and a rejection within it, bullish momentum of GBP towards the key level 1.4615 can be expected.

Trade recommendation

Remain neutral.

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