15 Maret 2019, GBP/USD
Technical observation
Yesterday GBP went down as predicted, price is still declining and I expect more of this bearish momentum today towards the key supportive level 1.2698 and a possible breakout below it for a further decline in price towards the key line 1.2080. If you sold this pair yesterday within the zone 1.3316-1.3271, remain short with your take profit at 1.2698 and stop loss at 1.3493.Should there be a clear breach above 1.3316-1.3271 with a big green candle, wait for a correction to the just broken zone and a bounce within it confirming possible bullish price rally before you buy GBP with your take profit at 1.3998 and stop loss at 1.3082.
Trade recommendation
Remain short.