GBP / USD ... Tight trading and long targets near 1.35

15 November 2018, 07:56
Hisham Mahmoud Younes
0
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While the pair is trading within a very tight range this week, affected by the conflicting news about the British-European negotiations, we are likely to see a significant upside over the pair during this month

 

MACD Alerts - According to our index, the sideways trend remains for a period of time in very tight trading before we see a clear break

 

Support and resistance

The strongest support at 1.270 and we are not likely to see declines to that area, while the nearest support at 1.2890, an area that the pair has touched and rose several times but remains a valid area of ​​entry buy from those areas

 

Trading Recommendation

Buy the pair from the current levels 1.3020 and repurchase at 1.2890 and 1.270

Stop loss at 1.26

Take profit in three stages

First take the profit 1.3175

Second Take Profit 1.3270

Third Take Profit 1.3550


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