25 tháng tư 2019, GBP/USD
Technical observation
GBP rose to the line 1.2960 and was rejected at it before declining to a support 1.2898, currently price is above the line and I expect either another correction to 1.2960 and a bounce at it to re-sell GBP or a clear break below the line 1.2898 followed by a correction to it for bearish price rally. My advice, remain flat and wait for either a correction to 1.2960 and a rejection to re-sell this pair with your take profit at 1.2898 and stop loss at 1.2979 or a penetration below the line 1.2898 and a correction to it to sell GBP. As it is on the hourly chart above, only short positions look ideal and may be recommended.
Trade recommendation
Remain neutral.
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