Oct 31 2018

Trade idea for the day

GBPUSD: The pair seems facing the downward sloping trend-line and 50 period EMA resistance at current levels. Slow Stochastic gives a bearish crossover with %K and %D at overbought zone.

Our Preference: – Sell at 1.2735

Target –1.2700 and 1.2675

Stop loss – 1.2760