Remain flat | 18 Agosto 2020

18 Agosto 2020, GBP/USD

Technical observation

GBP is trading with an increasing bullish momentum between a resistance line 1.3290 and a supportive zone 1.2781-1.2753. I expect either a rise to the line 1.3290 followed by a clear breakout above it with a big green candle or a decline to the supportive zone 1.2781-1.2753 and a bounce within it to pick long positions. My advice, in case of a clear breakout above 1.3290, wait for a correction to it and a bounce to buy GBP with your take profit at 1.3648 and should there be a decline to the zone 1.2781-1.2753, buy this pair within the zone towards 1.3290. Right now, remain flat.

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.