Buy GBP within 1.3758-1.3749 | 26 Octubre 2021

26 Octubre 2021, GBP/USD

Technical observation

Yesterday I expected GBP to rise steadily towards the resistance level 1.3883 however, price rose for some time then retraced to the supportive zone 1.3758-1.3749. Right now GBP is trading with an increasing bearish momentum within the same zone and I expect a rejection of price within it followed by a momentum to the upper side. My advice, buy a bounce within the zone 1.3758-1.3749 with your take profit at 1.3883 and stop loss at 1.3707. In case of a clear breakout above the level 1.3883, I expect a further surge to level 1.3982, on the other hand, in case of a clear breakout below the zone 1.3758-1.3749 with a big red candle, I expect price to plummet to the supportive level 1.3560.

Technical observation

Buy GBP within 1.3758-1.3749 with your take profit at 1.3883.

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.