26 November 2018, GBP/USD
Technical observation
Just like EUR, GBP is also rallying on bearish momentum below a key resistance zone 1.3376-1.3295.In case you recently sold this pair within the above mentioned zone, remain short and pick your profits at the support 1.2197.If you had not sold GBP yet, you can remain flat temporarily and wait for a correction to 1.3376-1.3295 and a rejection within it to sell GBP with your take profit at 1.2197 and stop loss at 1.3798.Should there a clear breakout below 1.2197, further bearish rally of price is expected towards 1.1522 or even lower. Only short positions look ideal and can be recommended on the weekly chart above.
Trade signal
Remain flat temporarily.
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