Remain long | 16 Septiembre 2020

16 Septiembre 2020, GBP/USD

Technical observation

GBP penetrated above a zone 1.2785-1.2748 with a big green candle. This pair then rallied upwards up to a key line 1.3336 but could not break above it; price bounced at the line then pulled back to the supportive zone 1.2785-1.2748 and was contained above it confirming bullish movements of price. My advice if you bought GBP within the zone 1.2785-1.2748 after a bounce, remain long with your take profit at 1.3336 and stop loss at 1.2550. In case there is a clear breakout above the line 1.3336 with a big green candle, wait for a correction to it and a bounce before you continue long with this pair.

Trade recommendation

Remain long with your take profit at 1.3336.

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.