We're flat | 05 Julio 2019

05 Julio 2019, GBP/USD

We're flat

Technical observation

GBP has been declining steadily since it was rejected within the resistance zone 1.2764-1.2738, however, from yesterday this pair has been moving upwards showing signs of retracing to the above mentioned zone. If this pair rises to 1.2764-1.2738 and is rejected within it, re-sell GBP within the zone with your take profit at 1.2423 and stop loss at 1.2649 but in case of a clear breach above 1.2764-1.2738 with a big green candle, wait for pullback to the just broken zone and a bounce within it confirming possible bullish price rally before you buy GBP. As long as price is below 1.2764-1.2738 only short positions can be advisable.

Trade recommendation

We’re Flat.

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.