GBPUSD - We Look to Sell at 1.4385

GBPUSD - We Look to Sell at 1.4385

16 May 2016, 08:51
Roberto Jacobs
0
5

GBPUSD - We Look to Sell at 1.4385

GBPUSD - We look to Sell at 1.4385 (stop at 1.4425)

GBPUSD - Continued downward momentum from 1.4530 resulted in the pair posting net daily losses yesterday. The selloff has posted a correction count on the intraday chart. There is no clear indication that the downward move is coming to an end. Trend line support is located at 1.4183. There is scope for mild buying at the open but gains should be limited. Our profit targets will be 1.4290 and 1.4185.


gbpusd_20160516051930.png


fxs_logo_news.png

Share it with friends: