Remain long | 10 Noviembre 2020

10 Noviembre 2020, GBP/USD

Remain long

Technical observation

GBP retraced to a supportive zone 1.2874-1.2830 but could not break below it. Price bounced within the same zone and is currently trading with an increasing bullish bias towards a key line 1.3386. I expect this upwards rally to continue to 1.3386 followed by either a clear breakout above it with a big green candle, or, a rejection at it followed by a correction to the zone 1.2874-1.2830. If you are currently long with this pair, remain so with your take profit at 1.3386 and stop loss at 1.2671, however, if you are currently neutral, wait for either a breakout above 1.3386 or another correction to 1.2874-1.2830 to buy GBP.

Trade recommendation

Remain long with your take profit at 1.3386.

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.