07 February 2019, GBP/USD
Technical observation
On the hourly chart above GBP is still rallying between a resistance 1.3014 and a support 1.2892 making only neutral positions ideal as you wait for either a correction to 1.3014 or a clear breakout below 1.2892.In case of a pullback to 1.3014 sell this pair after a bounce at it with your take profit at 1.2892 and stop loss at 1.3053, but should there be a clear breach below 1.2892, wait for a correction to the just broken key level confirming further bearish momentum before you sell GBP at it with your take profit at 1.2727 and stop loss at 1.2931.Right now remain flat and wait for either of the circumstances mentioned above to trade GBP.
Trade recommendation
Remain neutral.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 