Fuad Karimov's daily comment: GBP/USD — tactical long
Fuad Karimov's daily comment: GBP/USD — tactical long
12 February 2019, 12:21
The GBP/USD is on cross-roads for many months…With no Brexit developments and
a lot of headlines, traders are scratching their heads in anticipation of what
will happen on March 29th…So far their is no information about Article 50
extension, so the all-scary scenario of a no-deal Brexit is looming and this
drags pound lower.
However, I am more optimistic. Of course, things can turn any direction but I am convinced the no-deal Brexit is good for GBP. This is gonna be funny that media expect GBP to sink but the reality can be totally different. (Remember Trump’s elections morning?)
GBP/USD H4 chart
Anyway, for today the price is at 1.2820 which is support area and lower end of priceline space, so this is where we enter tactical buy. Above is resistances at 1.2920 an 1.3010 — and first one is a target. Watch the price move and put some close stops below the entry.
Have a nice day!
However, I am more optimistic. Of course, things can turn any direction but I am convinced the no-deal Brexit is good for GBP. This is gonna be funny that media expect GBP to sink but the reality can be totally different. (Remember Trump’s elections morning?)
GBP/USD H4 chart
Anyway, for today the price is at 1.2820 which is support area and lower end of priceline space, so this is where we enter tactical buy. Above is resistances at 1.2920 an 1.3010 — and first one is a target. Watch the price move and put some close stops below the entry.
Have a nice day!
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