Flat | 04 Diciembre 2020

04 Diciembre 2020, GBP/USD

Flat

Technical observation

Yesterday GBP rose as i had anticipated and hit the take profit at 1.3486, however, it did not break above the line and instead bounced at it. Right now, I expect bearish movement of price towards the supportive zone marked at 1.3310-1.3298 followed by a bounce within it to re-buy GBP. However, In case there is no retracement to the above-mentioned zone but a clear breakout above the line 1.3486 with a big green candle, wait for a correction to it and a bounce before you buy this pair. As it is on the chart above, as long as price is contained above 1.3310-1.3298, the value of this pair can only plummet upwards.

Trade recommendations

Remain flat.

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.