We're neutral | 13 Febrero 2020

13 Febrero 2020, GBP/USD

We're neutral

Technical observation

GBP is trading between two different zones a resistance 1.3283-1.3259, and a supportive zone 1.2770-1.2740. I expect either a rise to the resistance followed by a rejection within it for bearish movement of price or a decline to the supportive zone followed by a clear penetration below it. In case of a breakout below the zone 1.2770-1.2740, wait for a pullback to it before you sell GBP. Right now remain flat and wait for either of the above-mentioned circumstances to trade GBP. On your way downwards, the lines to look for are 1.2543 and 1.1955. Long positions may only be recommended above 1.3283-1.3259.

Trade recommendation

Remain neutral.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.