Forex Technical Analysis: Trend potential – Sell a bounce from 1.33106


Sell a bounce from 1.33106

Technical Observation

Gbp is currently is approaching a key daily resistance line 1.33106, this is a key line and while the price is below it, I expect a rise towards it, then a bounce to pick a sell order, should price breakout higher, then on the upperside, the key lines I’m looking for possible trade include 1.37527, and 1.43439. According to the chart we’re having above, Chances are that this pair could breakout above 1.33106 before a move even higher is seen. A bounce from 1.33106 will attract a long term sell order towards 1.24675.

Trade Recommendations:

Sell a bounce from 1.33106

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