Wait for a correction to sell GBP | 28 Abril 2022

28 Abril 2022, GBP/USD

Wait for a correction to sell GBP

Technical observation

GBP did not retrace to the resistance zone 1.3184-1.3208 as I had predicted yesterday, instead, it declined below the supportive level 1.2721 with a big red candle then continued downwards. My expectation is a correction to the level 1.2721 followed by a rejection at it to pick short positions with my take profit a 1.2099 and stop-loss at 1.2847. Should price clearly break below the level 1.2099, I expect it to descend further towards the lower supportive level marked at 1.1436 after a pullback to the broken line. On the daily chart above I can only recommend bullish positions in case of a break above the zone 1.3184-1.3208.

Trade recommendation

Wait for a correction to the level 1.2721 to sell GBP.

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