Remain flat | 08 Oktober 2018

08 Oktober 2018, GBP/USD

Remain flat

Technical observation

GBP/USD is still rallying towards the resistance zone 1.3315-1.3281,I expect a correction of price to the zone followed by a rejection within it for possible bearish momentum towards 1.2904 and a breakout below it for a further decline in price towards 1.2624.Remain flat now and wait for the pullback to 1.3315-1.3281 then short this pair within it with your take profit at 1.2904 and stop loss slightly above 1.3315,continue short after a breakout 1.2904 and a correction to it confirming further bearish movement of price towards 1.2624.Long positions may only be recommended above the resistance zone 1.3315-1.3281.

Technical levels

Resistance levels

R1.1.3068

R2.1.3113

R3.1.3229

Pivot

1.2997

Support levels

S1.1.2952

S2.1.2881

S3.1.2766

Trade signal

Remain flat.

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

Remain flat

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.