23 November 2018, GBP/USD
Technical observation
GBP/USD did not penetrate below the support level 1.2696 but instead it went up and is still rising towards the resistance zone 1.3301-1.3268, I expect a rise to the zone and a rejection within it to re-sell GBP with my ideal target at 1.2696, should there be a clear break above the above mentioned zone with a big green candle followed by a pullback to it then bullish momentum is anticipated towards the resistance level 1.3753 or even higher to 1.4340.Right now you can remain flat temporarily and wait for a correction to the zone 1.3301-1.3268 to pick short position with your take profit at 1.2696 and stop loss at 1.3474.
Trade recommendation
Remain flat temporarily.
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