GBP/USD: levels to trade
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
GBP/CHF offers a trade opportunity
Trade idea
SELL at 1.2750; TP1 1.2700; TP3 1.2660; SL 1.2775.
These days you might want to exploit the vulnerability of the British pound which is weakened by the Brexit concerns. If you don’t feel comfortable trading the wild GBP/USD, there may be an interesting chance to get some profit from GBP/CHF.
On D1, we see a shooting star candlestick ahead of the 100-day MA.
On H4, GBP/CHF met the resistance of the 50-period MA. A decline below 1.2760 opens the way down confirming a “Double top” pattern. November lows around 1.27 will be the first target.
Elizabeth Belugina
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GBP/USD: levels to trade
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
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AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
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