empty
 
 
31.03.2020 12:33 PM
Trading plan for GBP/USD for March 31, 2020

This image is no longer relevant

Technical outlook:

GBP/USD has retraced lower towards the fibonacci 0.236 levels at 1.2241 levels today, before pulling back and is seen to be trading around 1.2340 levels at this point in writing. Please note that the corrective drop has been quite shallow until now and the single currency pair might drop towards 1.2100 levels, which is 38.2% retracement of the previous rally. Either ways, GBPUSD is then expected to resume its rally back towards 1.3200 and 1.3500 respectively. Once the resistance at 1.3515 is taken out, it would add further confirmation towards a medium to long term trend reversal. Aggressive traders could initiate long positions between 1.2100/1.2240 with risk at 1.1414 and potential short term targets above 1.3515 respectively. The overall structure remains bullish until prices stay above the 1.1414 levels and bulls are looking determined to take out resistance at 1.3515 before producing any meaningful correction lower.

Trading plan:

Remain long @ 1.2100/1.2250, stop @ 1.1414, target is 1.3515 and higher.

Good luck!

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback