GBPUSD Trade Idea - 27 March

GBPUSD Trade Idea - 27 March

27 Mar 2020 02:34 PM
 

GBPUSD:-Bearish divergence over the 15 minutes chart is seen – prices had started reversing their gains. Momentum has reached below its zero-line RSI (14) at 36 now. Price action is trading below its 50 period simple moving average. Immediate resistance is coming at around 1.2185 mark.

Our Preference:- Sell at 1.2180

Target:- 1.2130

Stop loss:- 1.2205