Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Wed, 15 Aug 2018 09:26:47 +0300
30 Minutes
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GBP/USD

 

ENTRY 1.26906 TARGETS 1.26796 1.26742 1.26632 1.26495 STOP LOSS 1.27180

 

Scenario 1

GBPUSD is trading between 1.27180 and 1.26906.  Any forceful attempt to breach the barrier at 1.26906 will push prices to find support at 1.26796 and even lower at 1.26742.  A protective stop loss at 1.27180 is highly recommended.

Scenario 2

Should the pair manage to exceed the resistance level at 1.27180, it will eliminate the downtrend scenario, generating a buy signal.