Sell at 1.2925 | 04 September 2018

04 September 2018, GBP/USD

Sell at 1.2925

Technical observation

GBP/USD went down below the line 1.2925 and is still showing signs of rallying even lower, I expect a correction of price to the just broken line followed by a rejection of it at or around it for possible bearish momentum toward 1.2687.Wait for a correction to 1.2925 then short the pair on the daily chart above at or around it with your take profit at 1.2687 and stop loss around 1.3045. In case of a breakout below my take profit, I will wait for a correction to it to confirm possible further downwards movement of price before i continue short with the pair. Only short positions can be recommended on the chart above.

Technical levels

Resistance levels

R1.1.3009

R2.1.3062

R3.1.3147

Pivot

1.2979

Support levels

S1.1.2925

S2.1.2892

S3.1.2808

Trade signal

Wait for a correction to 1.2925 to short GBP/USD.

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

Sell at 1.2925

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.