Oct 16 2018

Trade idea for the day

GBPUSD: After a sharp intraday rise, the technical studies are indicating a mild correction before inching higher. RSI (14) started turning down from oversold zone on the hourly chart and a immediate support is seen at 1.3180.

Our Preference: – Buy at 1.3180

Target – 1.3225

Stop loss – 1.3160