We're long towards 1.3511 | 03 Septiembre 2020

03 Septiembre 2020, GBP/USD

We're long towards 1.3511

Technical observation

The pair on the chart above corrected to a zone 1.3282-1.3268 but could not break below it. Price bounced within the same zone and is currently trading with an increasing bullish momentum. I expect is a rise to the resistance line 1.3511 followed by either a clear breakout above it with a big green candle or bounce at it followed by another correction to 1.3282-1.3268. My advice, if you bought GBP within 1.3282-1.3268 after a rejection, remain long with your take profit at 1.3511 and stop loss at 1.3173. As long as price is contained above 1.3282-1.3268, only upwards movements can be expected.

Trade recommendation

Remain long with your take profit at 1.3511.

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.