Remain flat temporarily. | 30 November 2018

30 November 2018, GBP/USD

Remain flat temporarily.

Technical observation

GBP/USD is rally around a supportive level 1.2696 and my expectation is both a clear penetration below the line followed by a retracement to it for possible bearish momentum, or, a rejection at the level followed by a correction to the key resistance zone 1.3317-1.3271 and a possible rejection within it. My advice, remain flat temporarily and wait. Should there be breach below 1.2696 with a big red candle, wait for a correction to it to sell GBP, and In case of a rejection at the line, you can wait for a pullback to 1.3317-1.3271 and a rejection within it to re-sell GBP. Only short positions look ideal and can be recommended on the chart above.

Trade recommendation

Remain flat temporarily.

Be the first to get $5 for participation in the webinar 8.30 GMT!

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.