Remain flat | 11 Enero 2021

11 Enero 2021, GBP/USD

Remain flat

Technical observation

On the chart above, price is trading with an increasing bearish bias above a supportive zone 1.3472-1.3460. I expect a clear breakout below the zone with a big red candle; however, you can also anticipate a bounce within the same zone. In case of a clear penetration below the zone .13472-1.3460 with a big red candle, wait for a correction to it and a bounce confirming bearish movement of price before you sell, GBP with your take profit at 1.3317 and stop loss at 1.3508. In case of a break below the line 1.3317, I expect this pair to plummet further to the lower side towards the level 1.3186 after a retracement.

Trade recommendation

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.