Still short towards 1.2746 | 28 Febrero 2020

28 Febrero 2020, GBP/USD

Still short towards 1.2746

Technical observation

GBP has been declining steadily towards a supportive zone 1.2785-1.2746, a loss of this bearish momentum can be expected within the zone followed by a either a clear decline below or a rejection within it. If you sold this pair at the key level 1.3334, pick your profits at 1.2746, however, if you are not in a trade yet, wait for either a rejection within 1.2785-1.2746 or a penetration below it. In case of a bounce within the zone, wait for a correction to 1.3334 to sell GBP and should there be a clear breakout below the zone with a big red candle, wait for a correction to the just broken zone to sell GBP.

Trade recommendation

Remain short with your take profit at 1.2746.

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