Short GBPEUR, trend reversal possible.

2019年1月23日

GBPEUR pair has recovered swiftly after tumbling to 1.0988 on brexit fear but pair made smart recovery when voting against brexit, GBP/EUR has now shown full strength and now ready to cool down as it is trading as stiff resistance at 1.1496, technical analysis show pair has to trade in range in couple of week between 1.1496 to 1.1371 as downside support, next 1.1280 which is strong support 200MA, Other indicators RSI and MACD also showing trend reversal in recent time. Traders may take short position with target 1.1371 with next target 1.1280 and SL 1.1495 ( there may be false break be cautious if long).