We're short at 1.3607 | 05 Enero 2021

05 Enero 2021, GBP/USD

We're short at 1.3607

Technical observation

On the hourly chart above, price broke below a key level 1.3607 with a big red candle then went down but not for long, it then rose towards the just broken line and is currently trading below it with an increasing bullish momentum. I expect a loss of this upwards movement at the level 1.3607 for a possible momentum to the lower side. My advice, pick short positions at 1.3607 after a bounce with your take profit at 1.3472 and stop loss at 1.3652. In case there is a clear penetration below the zone 1.3472-1.3464 with a big red candle, you can anticipate a possible surge to the lower side towards 1.3317.

Trade recommendation

Sell GBP at 1.3607 with your take profit at 1.3472.

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.