Aug 26, 2019
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GBPUSD H4: TOUCH 200 MOVING AVERAGE – RESISTANT

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GBPUSD / H4 / Technical Chart

Idea: 200MA Resistant
Risk Management: 1 : 2.0
Breakeven: Every 35pips move down

Our Choice:
SHORT/SELL positions below 1.2250 with targets at TP 1 1.2210 & TP2 1.2168 in extension.

Alternative:
Long/Buy position above 1.2300 look for further upside with TP 1 1.2380 and TP2 1.2470 as targets.

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