Remain flat temporarily. | 31 Agustus 2018

31 Agustus 2018, GBP/USD

Remain flat temporarily.

Technical observation

GBP/USD is still pulling back to the just broken line 1.2925, I expect a rejection of price at it for upward movements of GBP.Long the pair on the second retracement to 1.2925 just to ensure it is not a false breakout. In case it is and there’s a breach below 1.2925, wait for a correction to it then short GBP/USD towards 1.2687.Right now remain flat temporarily as price rallies on a bearish bias towards 1.2925 which i expect to be over at it then long GBP on the next correction to it.Short positions may also be still advisable within 1.3317-1.3283 in case there’s a rally to it and price is rejected within it.

Technical levels

Resistance levels

R1.1.12885

R2.1.292

R3.1.2995

Pivot

1.2852

Support levels

S1.1.281

S2.1.2772

S3.1.2697

Trade signal

Remain flat temporarily.

Do you know against which currencies GBP is the most profitable?

Remain flat temporarily.

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.