GBPUSD – Flat
Technical Observation:
GBP is currently trading with an increasing bearish bias Momentum. Currently the price is rallying within a bearish expanding wedge formation, while the price is still within this shape formation, I expect a surge to the lower side with my ideal take profit being 1.29285. Conservative traders should watch for possible bullish retracements towards 1.31785 to pick a short position. As it is on the 4 hour chart, only sell positions looks more ideal, but in case the price breaks above the upper trend line, then I’ll look for long positions.
Trade Signal.
Sell Gbp now
Do you know against which currencies GBP is the most profitable?
More trading assets here…
You may check other analytical reviews on FreshForex website. Source: freshforex.com.