Still long towards 1.3208. | 04 Marzo 2020

04 Marzo 2020, GBP/USD

Still long towards 1.3208.

Technical observation

Yesterday GBP rose as I had predicted and as long as it is contained above the supportive zone 1.2770-1.2746, only bullish price movements can be expected. If you went long within the zone mentioned above after a bounce, remain long with your take profit at 1.3208 and stop loss at 1.2598. If you are not in a trade yet, you can still pick long positions with this pair now but if you are abit sceptic to do so, wait for another correction to 1.2770-1.2746 and a rejection within it to buy. Should there be a clear penetration below 1.2770-1.2746 with a big red candle a possible decline towards 1.2357 can be expected.

Trade recommendation

Remain long with your take profit at 1.3208.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus