28 Tháng mười một 2018, GBP/USD
Technical observation
After bouncing form the 4 hour resistance line 1.2881, GBP/USD rallied to the lower side and is still pretty much bearish even on the hourly chart. I expect a possible decline towards the support level 1.2747 and a breakout below it for a further downwards movements. If you recently sold this pair at 1.2881, remain short with your ideal target at 1.2747, but if you are not short already, I would advise you wait for another correction to 1.2881 and a bounce at it to sell GBP, or wait for clear breach below 1.2747 followed by a correction to it then sell GBP. Only short positions look ideal and can be recommended on the 4 hour chart above.
Trade recommendation
Remain short with your take profit at 1.2747 and stop loss at 1.2940.
Do you know against which currencies GBP is the most profitable?
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