We're bearish towards 1.3472. | 07 Enero 2021

07 Enero 2021, GBP/USD

Technical observation

Yesterday GBP did not rally upwards as I had predicted, instead, it broke below the zone 1.3619-1.3612 with a big red candle, and price then retraced to the just broken zone, bounced within it then rallied downwards. I expect this bearish movement to continue to the zone 1.3472-1.3464 followed by either a clear breakout below it with a big red candle, or a rejection at it. My advice, if you sold GBP within the zone 1.3619-1.3612 after a bounce, remain short with your take profit at 1.3472 and stop loss at 1.3670. As long as GBP is contained below 1.3619-1.3612, you can only anticipate bearish movements of price.

Trade recommendation

Remain short 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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus