Currently, the bullish sentiment prevails on the GBP/USD currency pair. Near the round level 1.31000, which acts as a "mirror" support, a number of classic patterns of Price Action, Outside Bar and Inside Bar, (H4 timeframe) were formed. We recommend you to pay attention to this situation.
If the price fixes above the local resistance of 1.31600, you need to look for entry points to the market to open long positions. The closest target for profit taking is the round level of 1.32000. When tracking the position, we recommend using a trailing stop.We recommend you to have a look at the actual figures of technical analysis.
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.
- The US Currency Recouped Some of the Losses. We Are Waiting for Data on the US GDP – 2017.07.28
- The Forecast – 2017.07.28
- Analysis of the Commitments of Traders Reports – 2017.07.25