Place a pending buy limit order around 1.27355. | 13 Februari 2019
13 Februari 2019, GBP/USD
During the previous trading day, the cable tried to go below last last week's lowest low, but could not sustain the break below. We still expect a steep downward move towards 1.27355. The level 1.27355 is both a weekly and a monthly support level and as long as the price remains above it, we're looking forward to a possible long term buy from it. So far, we have a pending buy limit order from this level with our stop loss below 1.23870 and take profit at 1.42339, as it is, we only recommend looking for buy orders.
Trade Recommendation:Place a pending buy limit order 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.
