Sell GBPUSD below 1.25265 with your take profit at 1.2405. | 18 June 2019
18 June 2019, GBP/USD
Technical Observation
GBPUSD is still trading in an active downtrend. While the price is contained below the two simple moving averages, I expect a possible decline further to towards 1.25065 and may breakout lower. If you're looking for forward to trading this pair during this intraday, the best option is to wait for a retracement back towards 1.25670 to pick a sell, or a breakout below 1.25265 to pick a long term sell. According to the hourly chart attached, a breakout below 1.25265 will offer a good place to look for a long term sell.
Trade Signal
Sell GBPUSD below 1.25265 with your take profit at 1.2405.
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.
