We are bullish towards 1.3686 | 10 Noviembre 2021

10 Noviembre 2021, GBP/USD

We are bullish towards 1.3686

Technical observation

GBP rose and penetrated above a zone it established at 1.3555-1.3547, price then retraced to the just broken zone and it was sustained above it, as long as GBP remains above this zone I can only recommend bullish positions for this pair. If you bought GBP on the second retracement to the zone 1.3555-1.3547, remain long with your take profit at 1.3686 and stop loss at 1.3499. In case of a clear breakout above the upper resistance zone 1.3697-1.3686 with a big green candle, I expect a further surge to the upper side to the resistance level 1.3812. Further bullish movements can be anticipated in case of a break above the level 1.3812.

Trade recommendation

Remain long with your take profit at 1.3812.

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.