Remain long | 09 Diciembre 2020

09 Diciembre 2020, GBP/USD

Remain long

Technical observation

GBP retraced to a supportive zone it had established around 1.3303-1.3292 and it did not break below it, price bounce within this zone and is currently rallying upwards towards the key level 1.3429. I expect this bullish rally to continue to the resistance line 1.3429 followed by a clear breakout above it with a big green candle. My advice, if you bought GBP within the zone 1.3303-1.3292 after a bounce, remain long with your take profit at 1.3429 and stop loss at 1.3222. In case of a break below 1.3429, wait for a retracement to it before you continue long with GBP towards the key line 1.3538.

Trade recommendation

Remain bullish with your take profit at 1.3429.

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.