We're in a sell towards 1.28700. | 15 Mei 2019

15 Mei 2019, GBP/USD

We're in a sell towards 1.28700.

Technical Obseervation:

GBPUSD is currently trading with an increasing bearish bias momentum. As I mentioned in my previous forecast, this pair is still in an active downtrend. But, instead of looking for a sell now, we should wait for retracements to the upperside to pick low risk sell orders with my take profit at 1.28700. As it is, only sell positions looks more ideal, but should price break above these three SMAs, then we'll wait for a break above 1.30035 to confirm that we're upwards with the next ideal take profit at 1.31870.

Trade Signal

We're in a sell towards 1.28700.

Imelda Maseno
Analyst of «FreshForex» company
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