We're flat | 28 Abril 2020

28 Abril 2020, GBP/USD

We're flatWe're flat

Technical observation

GBP is trading with an increasing bearish momentum above a supportive zone 1.2209-1.2173. My expectation is, either a decline to the above-mentioned zone followed by a clear breakout below it or, a rise to the resistance zone 1.2770-1.2746 followed by a penetration above it. In case of a break below the zone 1.2209-1.2173, I expect possible bearish price movements towards 1.1468 after a correction to the zone. However, in case of a breach above 1.2770-1.2746, we anticipate further bullish movements of GBP. Right now remaining flat with this pair is ideal than picking any position

Trade recommendation

Remain neutral.

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.