13 Tháng Năm 2019, GBP/USD
Technical observation
On the 4 hour chart above, GBP is trading below a resistance zone 1.3030-1.3018 on an increasing bearish momentum and I expect more of this movement towards 1.2874, if you went short recently within the above mentioned zone, remain in the trade with your take profit at 1.2874 and stop loss at 1.3061 but if you are not short yet you can still sell this pair now or wait for another correction to 1.3030-1.3018 to sell GBP. Should there be a clear penetration above 1.3030-1.3018 with a big green candle, wait for a correction to the just broken zone and a bounce within it to confirm possible bullish price rally before you buy GBP.
Trade recommendation
Remain short with your take profit at 1.2874.
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