GBPUSD Trade Idea- 25 Oct

GBPUSD Trade Idea- 25 Oct

25 Oct 2019 04:14 PM
 

GBPUSD:-Pair seems stopping its gains at a downward sloping trend-line resistance - seen over a 4 hour chart. Price action is currently trading below its 50 period Moving average. RSI(14) is below its zero-line, at 43 mark - suggesting a decline in momentum.

Our Preference:- Sell at 1.2875

Target- 1.2790 and 1.2750

Stop loss- 1.2915