Remain flat | 30 Marzo 2020

30 Marzo 2020, GBP/USD

Remain flat

Technical observation

After penetrating above a resistance zone 1.2059-1.2023, GBP continues to rise towards a higher resistance zone 1.2770-1.2746 and I expect either a clear penetration above the zone with a big green candle or a rejection of price at it. In case of a rejection of price within the zone, pick short positions within it with your take profit at 1.2059 and stop loss at 1.2971. However, in case there’s a clear breakout above the zone 1.2059-1.2023 with a big green candle, wait for a correction and a rejection within it to confirm possible bullish movements of price before you pick long positions.

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.