Wait | 16 Julio 2021

16 Julio 2021, GBP/USD

Technical observation

GBP is trading with an increasing bearish bias above the supportive zone 1.3661-1.3599. I expect a loss of this bearish movement within the same zone for a surge to the upper side. My advice, remain neutral temporarily and buy a bounce within the zone 1.3661-1.3599 with your take profit a 1.4615 and stop loss at 1.3349. In case price is not sustained above the supportive zone 1.3661-1.3599 and instead penetrates below it with a big red candle, you can expect the value of this pair to plummet to the supportive level 1.2565 after a correction to the just broken zone and a bounce within it. Continue long after a break above the level 1.4615.

Trade recommendation

Buy a bounce within the zone 1.3661-1.3599 with your take profit at 1.4615.

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.