Sunday, November 18, 2018

WHY WE ARE BUYING GBP USD NOW WITH TP AT 1.4604 & 1.5277


GBP/USD is rallying around a support 1.2729-1.2631 and I expect nothing but a rejection of it within the zone followed by a rise towards the upper resistance zone 1.4604-1.4506 and a possible breakout above it with a big green candle for a further rise in price towards the highest key resistance line 1.5277, my advice, buy GBP at 1.2829-1.2731 after a bounce within it with your take profit at 1.4604 and stop loss slightly below 1.2631.

Trade recommendation

Buy GBP within 1.2829-1.2731 with your take profit at 1.4604 & 1.5277
Stop loss below 1.2631

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