We are flat | 28 Febrero 2022

28 Febrero 2022, GBP/USD

We are flat

Technical observation

On the 4 hour chart above, the price rallied to the upper side on Friday and today I expect a continuation of this upwards movement towards the resistance zone 1.3522-1.3510, followed by a rejection within it to pick short positions with my take profit at 1.3356 and stop-loss at 1.3578. If the price breaks below level 1.3356 with a big red candle, I expect it to plummet further towards the supportive level 1.3183. On the other hand in case of a break above the zone 1.3522-1.3510 with a big green candle, I expect a surge to the upper side after a pullback to the broken zone. Right now remaining neutral is ideal than picking any positions.

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.