Saleh11

GBPUSD Technical Analysis

Saleh11 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD short time buy target 1.3180 long time Sell 1.3200 Area 1st take profit 1.2980 Area and breakout this level another Sell 1.2970 area Take profit 1.2770 Area .
Comment:
Given the overnight breakthrough a descending triangle support, coinciding with the very important 200-day SMA, support prospects for an additional depreciating move.
Daily Fibonacci 38.2% 1.2962
Daily Fibonacci 61.8% 1.2984
Previous Monthly High 1.3384
Previous Monthly Low 1.296
Daily SMA100 1.2961
Daily SMA200 1.2964
Comment:
GBPUSD Daily movingaverage 200 ma 1.2965 level so take a short sell position 1.2965/80 leve. Take profit 1.2870 level.

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