We're in a sell towards 1.28700. | 15 May 2019
15 May 2019, GBP/USD
Technical Obseervation:
GBPUSD is currently trading with an increasing bearish bias momentum. As I mentioned in my previous forecast, this pair is still in an active downtrend. But, instead of looking for a sell now, we should wait for retracements to the upperside to pick low risk sell orders with my take profit at 1.28700. As it is, only sell positions looks more ideal, but should price break above these three SMAs, then we'll wait for a break above 1.30035 to confirm that we're upwards with the next ideal take profit at 1.31870.
Trade Signal
We're in a sell towards 1.28700.
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.
