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Look for sell orders now with your take profit at 1.27150.

Look for sell orders now with your take profit at 1.27150. | 14 May 2019

14 May 2019, GBP/USD

Look for sell orders now with your take profit at 1.27150.

Technical Observation

This week, I expect GBPUSD to trade within a range not going above 1.32792 or below 1.27150. As it is on the weekly chart, I'm waiting for a possible plunge towards the weekly support level 1.27150. If you're not in any position at the moment, you should wait for a retracement to the upperside to pick a low risk sell order towards the weekly support seen at 1.27150. a clear break below this level will push the price further to the lowerside towards the next level seen at 1.21090. As it is, we recommend looking for sell orders.

Trade Recommendations:

Look for sell orders now with your take profit at 1.27150.

Imelda Maseno
Analyst of «FreshForex» company
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