Rebuy cable around 1.27355. | 12 Februari 2019
12 Februari 2019, GBP/USD
The cable is currently trading around the tip of the previous week's lowest low. We expect a possible momentum towards the weekly support level 1.27355 to pick a long position towards 1.33390. Basically, as long as the price remains above 1.27355, we expect a possible momentum to the upperside. This view can only be invalidated in case the price breaks below 1.27355, if this is the case, then a move even lower is expected with the next ideal target being along the trendline to the lowerside.
Trade Recommendation:Rebuy cable around 1.27355.
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.
