We're long within 1.2688-1.2686 | 06 Juni 2019

06 Juni 2019, GBP/USD

We're long within 1.2688-1.2686

Technical observation

On the chart above price has been trading above a zone 1.2688-1.2686 for some days now and is currently is within it. As long as GBP is contained above the mentioned zone, only bullish movement of this pair can be anticipated. You can buy GBP now within 1.2688-1.2686 with your take profit at 1.2744 and stop loss at 1.2666, in case there’s no rejection within 1.2688-1.2686 but a clear penetration below it with a big red candle, wait for a retracement to the just broken zone and a rejection within it to confirm possible downwards movement of price before you pick short positions with your take profit at 1.2621.

Trade recommendation

Buy GBP within 1.2688-1.2686 with your take profit at 1.2744 and stop loss at 1.2666.

Imelda Maseno
Analyst of «FreshForex» company
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