We're short from within 1.29438-1.29390 towards 1.29438. | 10 Mei 2019

10 Mei 2019, GBP/USD

We're short from within 1.29438-1.29390 towards 1.29438.

Technical Observation:

Gbpusd is currently trading below a key support zone 1.30297-1.30213, while the price is contained below this zone, I expected plunge towards the next key zone 1.29438-1.29390, and in case the price breaks above this zone, then I'll wait for a confirmation that the price is continuing to the upperside with the next ideal take profit being around 1.31645. A break above this level will push the price even higher towards the next level 1.32. And on the lowerside a break below 1.29390 will push the price even lower.

Trade Recommendations:

We're short from within 1.29438-1.29390 towards 1.29438.

Imelda Maseno
Analyst of «FreshForex» company
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