Sell Gbp now | 30 July 2018

30 July 2018, GBP/USD

Sell Gbp now

Technical Observation:

GBP is currently trading with an increasing bearish bias Momentum. Currently the price is rallying within a bearish expanding wedge formation, while the price is still within this shape formation, I expect a surge to the lower side with my ideal take profit being 1.29285. Conservative traders should watch for possible bullish retracements towards 1.31785 to pick a short position. As it is on the 4 hour chart, only sell positions looks more ideal, but in case the price breaks above the upper trend line, then I'll look for long positions.

Trade Signal.

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Imelda Maseno
Analyst of «FreshForex» company
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