23 ноября 2018, GBP/USD
Technical observation
GBP/USD did not penetrate below the support level 1.2696 but instead it went up and is still rising towards the resistance zone 1.3301-1.3268, I expect a rise to the zone and a rejection within it to re-sell GBP with my ideal target at 1.2696, should there be a clear break above the above mentioned zone with a big green candle followed by a pullback to it then bullish momentum is anticipated towards the resistance level 1.3753 or even higher to 1.4340.Right now you can remain flat temporarily and wait for a correction to the zone 1.3301-1.3268 to pick short position with your take profit at 1.2696 and stop loss at 1.3474.
Trade recommendation
Remain flat temporarily.
Do you know against which currencies GBP is the most profitable?
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