We're flat | 03 Julio 2020

03 Julio 2020, GBP/USD

We're flat

Technical observation

This week GBP has been trading with an increasing bullish momentum and I expect it to close bullish. Next week, I expect further upwards movement of this pair towards the resistance line 1.2690-1.2594 followed by bounce within it for bearish price rally. If you are currently flat with this pair, remain so and await for a correction to the zone 1.2690-1.2594 and a bounce within it to sell GBP with your take profit at 1.1647 and stop loss at 1.3091. In case there is no rejection within 1.2690-1.2594 but a clear breach above it, I expect upwards movements of GBP after a correction to the just broken zone.

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