Wait for a break above 1.3692 | 21 Enero 2021

21 Enero 2021, GBP/USD

Wait for a break above 1.3692

Technical observation

The general trend for the pair on the 4-hour chart above is upwards. This pair established a supportive zone around 1.3517-1.3502 and for some time now, price has never broken below it. On the last retracement to the zone, GBP bounced within it then rose significantly to the upper side and is currently trading on the resistance level 1.3692 with an increasing bullish bias. If you bought this pair within the zone 1.3517-1.3502 after a bounce, at the level 1.3692 was the ideal place to pick your profits. Right now, i expect a clear breakout above the line 1.3692 with a big green candle for a further surge to the upper side.

Trade recommendation

Wait for a break above 1.3692 to buy GBP.

One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.

This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from January 18 to 29, 2021.

2. Send a request to school@freshforex.com with your account number funded.

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