GBP/USD: pound got in the corner

2018-02-14 18:01    FBS

Recommendations:

SELL 1.415 SL 1.4205 TP1 1.405 TP2 1.3950

SELL 1.3795 SL 1.3850 TP1 1.3695 TP2 1.3560

On the daily chart, GBP/USD bulls managed to defend the important level of 1.3830 and want to consolidate in the 1.3800-1.4150 area. If the pair renews February low, the risks of it going to 88.6% target of the “Bat” pattern will increase.  

GBP/USD: pound got in the corner Market Analysis 1 

On H1, GBP/USD bulls try to form “Wolfe waves”. If they manage to do it, the pound may rise to the upper border of the descending channel at $1.41-1.4150. The pullback to the downside will be a selling signal.

GBP/USD: pound got in the corner Market Analysis 2

GBP

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.