Buy GBP within 1.3599-1.3478 | 10 Marzo 2021

10 Marzo 2021, GBP/USD

Buy GBP within 1.3599-1.3478

Technical observation

On the weekly chart above price is trading above a supportive zone 1.3599-1.3478, this week it has been increasing to the upper side, however, I expect a rally to the zone mentioned above and a rejection within it to pick long positions . My advice, wait for a correction to the zone 1.3599-1.3478 to buy GBP with your take profit at 1.4615 and stop loss at 1.2913. Should there be a clear break above the line 1.4615 with a big green candle, expect an increase in the value of this pair towards the upper resistance line 1.5891.

Trade recommendation

Wait for a correction to 1.3599-1.3478 to buy GBP.

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.