Flat | 05 Juni 2019

05 Juni 2019, GBP/USD

Flat

Technical observation

Last week GBP went down and closed at a supportive level 1.2573, this week it has been trading on an increasing bullish bias and my expectation is either a pullback to the resistance zone 1.3450-1.3308 and a rejection of price within it or a clear penetration below the line 1.2573 and a correction to it. Remain flat and wait for either a correction to 1.3450-1.3308 and a rejection within it to re-sell GBP, or a clear breakout below the line 1.2573 and a correction to it to sell GBP with your take profit at 1.1520 and stop loss at 1.3864.As long as GBP is contained below the zone 1.3450-1.3308 only downwards movements can be expected.

Trade recommendation

Remain flat.

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.