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KENJICHEN
Feb 22, 2019 6:55 AM

0222-GBPUSD Analysis Short

British Pound/U.S. DollarFXCM

Description



GBPUSD
Pound fail to breakout resistance at 1.31 and 1.3075, however, it had challenge the pressure for three times, as two in US market, one in Asia market.

Therefore, it may demand pullback to recharge the momentum to push up again, so consider stay in short position for daily trade.

Short around at 1.3055 and set SL at 1.3085, then target at 1.2990 and 1.2970.

Support: 1.2950 / 1.2990 / 1.3030

Resistance: 1.3056 / 1.3100

Like if you trade, make Ideas or comments with me :D
Comments
AshaDi
Thank you! Has been waiting for it to drop for 1 nite now... why it's so slow :P
KENJICHEN
@AshaDi, haha just keep patient, its waiting the data release. :)
AshaDi
@KENJICHEN, lol oki... i will wait :)
KENJICHEN
@AshaDi, Congrats! :P
AshaDi
@KENJICHEN, haha ^^ btw... dont u think the TP can go at least 1.296?
KENJICHEN
@AshaDi, Yea maybe , the maximum target, but I wont hold to the end :D Its about ur strategy trade-off.
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