We're short towards 1.2626 | 30 Septiembre 2020

30 Septiembre 2020, GBP/USD

We're short towards 1.2626

Technical observation

GBP bounced below the zone 1.3006-1.2970 and is currently rallying with an increasing bearish bias. I expect this bearish movement to continue to the supportive level 1.2626 followed by a clear breakout below it for a further decline in price. If you went short with this pair within the zone 1.3006-1.2970, remain in the trade with your take profit at 1.2626 and stop loss at 1.3170. You can anticipate further bearish price movements of this pair should there be a clear breakout below the key line 1.2626. The key levels to look for while on bearish rally are, 1.2626, 1.2226-1.2194 and 1.1768.

Trade recommendation

Remain short with your take profit at 1.2626.

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.