We're short from within 1.29438-1.29390 towards 1.29438. | 10 May 2019
10 May 2019, GBP/USD
Technical Observation:
Gbpusd is currently trading below a key support zone 1.30297-1.30213, while the price is contained below this zone, I expected plunge towards the next key zone 1.29438-1.29390, and in case the price breaks above this zone, then I'll wait for a confirmation that the price is continuing to the upperside with the next ideal take profit being around 1.31645. A break above this level will push the price even higher towards the next level 1.32. And on the lowerside a break below 1.29390 will push the price even lower.
Trade Recommendations:
We're short from within 1.29438-1.29390 towards 1.29438.
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.
