05 tháng Ba 2019, GBP/USD
Technical observation
Remaining short on this pair seems more appealing than taking any position, so far since GBP was rejected within the resistance zone 1.3316-1.3271, price has been rallying with an increasing bearish momentum and I still expect more of this movements, As long as this pair is contained below the zone 1.3316-1.3271, I expect nothing but a possible momentum to the lower side. However, should there be a clear breach above 1.3316-1.3271 with a big green candle followed by a correction to it and a bounce within the zone, a possible surge to the upper side towards the resistance 1.3998 can be expected and may extend even higher.
Trade recommendation
Remain short with your take profit at 1.2698 and stop loss at 1.3489.
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