Triple top on GBP/USD

Triple top on GBP/USD

The current technical pattern signals a possible correction of the GBP/USD currency pair after a sharp rise last week. Near the local resistance level of 1.30300, the classic reversal pattern of Triple Top has been formed (H1 timeframe). At the moment, the GBP/USD quotes are testing the support level of 1.29600. We recommend paying attention to this situation.

If the price fixes below 1.29600, you need to look for entry points to the market in order to open short positions. The immediate goal for profit taking is the round level of 1.29000. In the medium term, the GBP/USD currency pair may reach 50.0% -61.8% correction zone. When tracking a position, we recommend using a trailing stop.

by JustForex 2018.11.05

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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