GBPUSD Trade Idea - 14 May

GBPUSD Trade Idea - 14 May

14 May 2020 12:15 PM
 

GBPUSD:- Price action on the 15 minute chart seems heading towards the immediate trend-line and 50 period simple moving average resistance at 1.2222 mark. Momentum is hovering still below its zero-line, RSI (14) is at 37 mark – which is inching towards the 50 mark.

Our Preference:- Sell at 1.2220

Target:- 1.2165

Stop loss:- 1.2245