Remain neutral temporarily. | 20 Mei 2019

20 Mei 2019, GBP/USD

Remain neutral temporarily.

Technical observation

Since its rejection within the zone 1.3428-1.3308, GBP has been declining steadily towards a supportive level 1.2567 and I still expect more of this bearish rally this week followed by either a breakout below the support and a correction to it or a bounce at it followed by another retracement to 1.3428-1.3308 .If you are short already, pick your profits at 1.2567 but if you are currently neutral, remain so and wait for either another correction to the zone 1.3428-1.3308 and a rejection at it to sell GBP or a clear penetration below 1.2567 and a retracement to it to sell this pair with your take profit at 1.1532 and stop loss at 1.2865.

Trade recommendation

Remain neutral.

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.