Expecting a rally to 1.2404 | 20 Junio 2022

20 Junio 2022, GBP/USD

Expecting a rally to 1.2404

Technical observation

On the hourly chart above price broke above the resistance zone 1.2194-2181 then rose up to the key level 1.2404, it then bounced at the same level before pulling back to the zone I have mentioned above. If you are currently holding bullish positions with the pair above, remain in the trade with your take profit at the level 1.2404 and stop-loss at 1.2088. Should there be a clear break above the level 1.2404 with a big green candle, wait for a correction to it before you continue long towards the level 1.2658. As long as the value of GBP is sustained above the zone 1.2194-2181, I can only recommend bullish positions.

Trade recommendation

Remain long with your take profit at 1.2404.

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.