Wait for a correction to the zone 1.3788-1.3778 | 07 Septiembre 2021

07 Septiembre 2021, GBP/USD

Wait for a correction to the zone 1.3788-1.3778

Technical observation

GBP retraced to the supportive zone 1.3788-1.3778, it bounced within it then rose steadily up to the resistance level 1.3883. Price did not break above the level 1.3883, instead it, bounced at it and then declined for some time. Right now it is trading with an increasing bullish bias and despite this upwards movement I expect a rally to the supportive zone I mentioned above, the anticipated bearish movement is a correction to the same zone and I expect a loss of it within the zone to pick long positions with my take profit at 1.3883 and stop loss at 1.3741. I can only recommend short positions below the zone 1.3788-1.3778.

Trade recommendation

Wait for a correction to the zone 1.3788-1.3778 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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus