Watch for a possible but around 1.2829 towards 1.3137. | 22 Januari 2019
22 Januari 2019, GBP/USD
Yesterday, the cable opened at, 1.2876 went as high as 1.2909 and as low as 1.2829 but ended up closing at 1.2891 just a few pips above its opening price. The previous day's candle is a perfect bullish pin bar candle and as long as the price remains above the previous day's lowest low, we expect a possible rise towards 1.3137. Conservative traders should place a pending buy limit order around the previous day's lowest low with their stops slightly below this low, and take profit at 1.3137. A break below 1.2690 may attarct a sell order.
Trade Recommendations:Watch for a possible but around 1.2829 towards 1.3137.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
