09 Septiembre 2020, GBP/USD
Technical observation
On the chart above, price corrected to a resistance line it established at 1.3414 but could not penetrate above it. GBP bounced at the above mentioned and is currently trading with an increasing bearish momentum. I expect this downwards movement to continue to the supportive zone marked at 1.2681-1.2586 followed by a clear breakout below it for further bearish movements of price. If you sold GBP at the line 1.3414 after a bounce, remain short with your take profit at 1.2681 and stop loss at 1.3794. In case of a break above the line 1.3414, wait for a correction to it and a bounce before you buy GBP.
Trade recommendation
Remain short with your take profit at 1.2681.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 