Remain short | 02 Octubre 2020

02 Octubre 2020, GBP/USD

Remain short

Technical observation

Yesterday GBP bounce within the resistance zone 1.3006-1.2970 then rallied downwards. I expect this bearish movement to continue to the supportive line 1.2626 followed by a clear breakout below it with a big red candle. My advice, if you sold GBP within the zone mentioned above after a bounce, remain short with your take profit at 1.2626 and stop loss at 1.3170. In case of a clear break below the line 1.2626 with a big red candle, wait for a correction to it and a bounce before you continue short with this pair towards the supportive 1.2226-1.2194 or even lower to the supportive level marked at 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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus