We're short towards 1.1777 | 15 Agosto 2022

15 Agosto 2022, GBP/USD

We're short towards  1.1777

Technical observation

Since it bounced below the resistance zone 1.2319-1.2293, GBP has been trading with an increasing bearish bias and as long as it is sustained below this zone I expect this downwards movement to continue towards the key level 1.1777. If you picked short positions below the zone indicated above after a bounce, remain in the trade with your take profit at 1.1777 and stop-loss at 1.2429. In case of a break below the level 1.1777, I expect the value of GBP to plummet after a correction to the broken line; on the other hand, in case of a clear break above the zone 1.2319-1.2293, I expect possible bullish movements towards 1.2659.

Trade recommendation

Remain short with your take profit at 1.1777.

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.