Remain flat | 24 Marzo 2020

24 Marzo 2020, GBP/USD

Remain flat

Technical observation

On the daily chart above price is rallying between a supportive level 1.1468 and a resistance level 1.2047.Yesterday price declined but did not penetrate below the support 1.1468. My expectation today is either a clear penetration below the line 1.1468 or a correction to the level 1.2047. In case there’s a clear penetration below the line 1.1468 with a big green candle, wait for a correction to it before you sell GBP .Should there be a pullback to the line 1.2047 wait for a clear bounce at it to sell this pair with your take profit at 1.1468 and stop loss at 1.2201. Long positions may only be recommended above 1.2047.

Trade recommendation

Remain flat.

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