We're flat | 08 Julio 2019

08 Julio 2019, GBP/USD

We're flat

Technical observation

Since its rejection within the zone 1.2764-1.2738, GBP has been declining steadily towards the support 1.2352 and is currently trading above it. I expect either a rejection of price at the line for another retracement to the above mentioned zone, or a clear penetration below it with a big red candle. In case GBP is rejected at 1.2352, wait for another correction to 1.2764-1.2738 to re-sell it with your take profit at 1.2352 and stop loss at 1.2823 and in case of a clear breach below 1.2352, wait for a correction and a rejection at it confirming possible bearish price rally before you sell this pair with your take profit at 1.1985.

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