Inside Bar on GBP/USD

Inside Bar on EUR/GBP

GBP/USD quotes have moved away from local lows. The current technical pattern signals a further recovery of British pound. Some classic patterns of Price Action, "Inside Bar" (H1 timeframe), have been formed in the trading instrument. At the moment, the GBP/USD currency pair is testing the 1.2265 mark. We recommend paying attention to this situation.

If the price fixes above the resistance level of 1.2265, GBP/USD purchases should be considered. The nearest goal for profit-taking is 1.2325. The movement is tending to 1.2370-1.2410. When following positions, we recommend using a trailing stop.

by JustForex 2020.05.19

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Open Account

Get Free Analytics

* required fields
Last Articles
All Articles
How to learn forex trading in Kenya
Find out more about the advantages of trading in the forex market and the ways you can feel comfortable and confident as a novice trader. Start forex trading in Kenya and get to the desired top.
Read more