we are flat | 18 Noviembre 2021

18 Noviembre 2021, GBP/USD

we are flat

Technical observation

GBP rose steadily to the resistance level 1.3506 and it is currently trading just below it with an increasing bullish bias. If you are currently holding long position with this pair, you can pick your profits now, or wait for a bounce at the level mentioned above to exit the trade, however, if you are currently neutral with this pair, you can anticipate either a clear break above the level 1.3506 with a big green candle, or a rejection of price at it followed by another correction to the supportive zone 1.3410-1.3405. In case of a break above the level 1.3506, buy GBP after a second retracement tot the line with your take profit at 1.3600 and stop loss at 1.34671.

Trade recommendation

Remain neutral.

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