Waiting for aclear rejection signal from 1.2747 to long GBP towards 1.3489.
Waiting for aclear rejection signal from 1.2747 to long GBP towards 1.3489. | 30 Mei 2017
30 Mei 2017, GBP/USD
Technical Observation
On May 26th 2017, GBP declined sharply but failed to penetrate the daily support 1.2747. Unless this support is clearly breached to the lower side with a red big candle, I expect a rejection from this line to re-buy GBP towards 1.3489. On the Daily chart above, Long positions seems more ideal and can be recommended towards 1.3489. However, if the price can clearly breakout below 1.2747, then I''ll wait for retracements to the just broken zone to short GBP towards 1.2082.
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