Wait for a correction | 31 Marzo 2020

31 Marzo 2020, GBP/USD

Wait for a correction

Technical observation

GBP is retracing steadily towards a zone1.2059-1.2027 it penetrated below with an increasing bearish momentum. My expectation is a loss of this bearish price rally within the zone for possible upwards movements. My advice, wait for a correction to the zone 1.2059-1.2027 and a clear rejection within it to buy GBP with your take profit at 1.2746 and stop loss at 1.1804. In case this take profit is hit and there is a clear penetration above the resistance zone 1.2770-1.2746 with a big green candle, further bullish price movements towards the highest resistance level 1.3312 can be anticipated.

Trade recommendation

Wait for a correction to buy GBP.

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