Short towards the lower trendline | 24 Maio 2017

24 Maio 2017, GBP/USD

Short towards the lower trendline
Technical Observation:
GBP is still rallying within the rising channel. Unless this channel is clearly breached either to the upper or lower side, I only trade reversals. A breakout below the lower trend line will call for breakout trading towards 1.2768. On the 4 Hour chart above, I expect a bearish move towards the lower trend line and a possible breakout to the lower side.
Technical levels: Resistance levels
R1: 1.2782
R2: 1.2784
R3: 1.2789
Pivot Point 1.2983
Support Levels
S1: 1.277
S2: 1.2774
S3: 1.2778
Trade Signal Short GBP towards the lower trendline.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Entrar
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.
manager photo manager photo
Online-support
Ficamos satisfeitos em responder quaisquer perguntas que você possa ter

Escrever

Get bonus