Remain flat temporarily. | 26 November 2018

26 November 2018, GBP/USD

Remain flat temporarily.

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.

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

Remain flat temporarily.

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.