Expecting a rally to 1.4239 . | 02 February 2022

02 February 2022, GBP/USD

Technical observation

GBP has been trading with an increasing bullish bias above the supportive zone 1.3435-1.3354 as I predicted at the beginning of the week, my expectation is a further rally to the upper side to the resistance level 1.4239 followed by either a clear breakout above it with a big green candle, or a bounce at it followed by another correction to the zone I have mentioned above. If you currently holding bullish positions with the pair above, I would advise that you remain long with your take profit at 1.4239 and stop loss at 1.3132. In case of a clear breakout above the level 1.4239 I anticipate further bullish movements towards 1.5535.

Trade recommendation

Remain long with your take profit at 1.4239.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus