Remain flat | 04 Agosto 2020

04 Agosto 2020, GBP/USD

Remain flat

Technical observation

GBP penetrated above a resistance zone 1.2627-1.2603 with a big green candle. Price then rose steadily up to a resistance level marked at 1.3097. My expectation is a pullback to the supportive zone 1.2627-1.2603 followed by a clear rejection within it for a surge to the upper side. My advice, remain neutral and wait for a correction to the supportive zone mentioned above and a rejection within it to buy GBP with your take profit at 1.3097 and stop loss at 1.2457. In case of s clear breach above 1.3097, you can anticipate further upwards movements of this pair towards the key level 1.3515.

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.