18 февраля 2019, GBP/USD
Technical observation
Just like EUR , GBP has also been trading on bearish momentum for the past two weeks and I still expect more of this movement this week, in case you picked short positons within the resistance zone 1.3362-1.3243, hold on to that positon with your ideal target at 1.1532, if you are not in a trade yet, wait for a retracement to 1.3362-1.3243 and a rejection within it to sell GBP with your take profit at 1.1532 and stop loss at 1.3766.In case of a clear breach above 1.3362-1.3243 with a big green candle, wait for a correction to it confirming possible bullish price rally before you pick long positions within the zone with your take profit at 1.4670.
Trade recommendation
Remain short with your take profit at 1.1532.
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