Wait for a correction | 08 Diciembre 2021

08 Diciembre 2021, GBP/USD

Wait for a correction

Technical observation

GBP is trading with an increasing bullish bias above the supportive level 1.3191, this upwards movement is a correction to the resistance zone 1.3363-1.3352 and I expect it to continue to the same zone followed by a rejection within it to re sell GBP with my take profit at 1.3194 and stop loss at 1.3426. If GBP is not sustained below the zone I have mentioned above but instead it penetrates above it with a big green candle, I expect a correction to the just broken zone and a bounce within it followed by a surge to the upper side. Right now I would advise you remain neutral temporarily and wait for a correction to the zone 1.3363-1.3352.

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.