Remain neutral | 27 May 2019

27 May 2019, GBP/USD

Remain neutral

Technical observation

GBP is trading around a key supportive level 1.2578 and I expect either a bounce at the line for a retracement to the zone 1.3439-1.3308, or a penetration below the line followed by a correction to it for bearish price rally, if you went short previously within the zone 1.3439-1.3308, you can pick your profits now, but if you are neutral right now, my advice is you remain that way and wait for either another correction to 1.3439-1.3308 or a breakout below 1.2578 and correction to it to sell GBP with your take profit at 1.1522 and stop loss at 1.3798.Long positions may only be recommended above 1.3439-1.3308 towards 1.4245.

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