We're flat | 06 November 2018

06 November 2018, GBP/USD

We're flat

Technical observation

GBP/USD is still rallying on an increasing bullish momentum towards the resistance zone 1.3317-1.3281 and I expect a loss of this momentum within it followed by possible bearish movement of price. I’ll remain neutral now and wait for the correction to the zone and a rejection within it to sell this pair with my take profit at 1.2963 and stop loss slightly above 1.3317.In case of a clear breakout above 1.3317 with a big green candle, I’ll wait for a retracement to the just broken line confirming possible bullish movement of price before I pick long position with my ideal target at the resistance line 1.3756 or even to the highest key line 1.4238.

Technical levels

Resistance levels

R1.1.3019

R2.1.3075

R3.1.3165

Pivot

1.2985

Support levels

S1.12929

S2.1.2896

S3.1.2806

Trade signal

Remain flat.

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

More trading assets here...We're flat

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.