We're bullish towards 1.2746 | 27 Abril 2020

27 Abril 2020, GBP/USD

We're bullish towards 1.2746

Technical observation

GBP is trading above the supportive zone it established around 1.2209-1.2173 with an increasing bullish momentum. I expect this bullish price rally to continue towards the resistance zone 1.2770-1.2746 followed by a clear breakout above it with a big green candle. If you bought this pair within the zone 1.2209-1.2173 after a bounce, remain long with your take profit at 1.2746 and stop loss at 1.1974. Continue long with this pair towards the level 1.3312 in case there is a clear penetration above the zone 1.2770-1.2746, followed by a correction to it. Short position can only be advisable below 1.2209-1.2173.

Trade recommendation

Remain long towards 1.2746.

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.