Wait | 16 Agosto 2021

16 Agosto 2021, GBP/USD

Wait

Technical observation

GBP is retracing to a supportive zone it established at 1.3661-1.3599, I expect a bounce within this zone for a rally to the upper side to the key level 1.4615, my advice, remain flat and wait for a correction to the zone 1.3661-1.3599 to buy GBP with your take profit at 1.4615 and stop loss at 1.3344. If price breaks below the zone 1.3661-1.3599 with a big red candle, I expect a possible surge to the supportive level 1.2565 or even to the lower level 1.1518.However, in case there is a clear breakout above the level 1.4615 with a big green candle, wait for a correction to it before you continue long with this pair towards the level 1.5891.

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.