Remain flat. | 08 Septiembre 2022

08 Septiembre 2022, GBP/USD

Remain flat.

Technical observation

GBP is trading above the supportive level 1.1405 with an increasing bullish bias and as long as it does not break below this level, I expect further upwards momentum towards the resistance zone 1.1756-1.1739. My advice, remain neutral and wait for a correction to the zone indicated above then sell a bounce within it with your take profit at 1.1405 and stop-loss at 1.1854. If price rises above zone 1.1756-1.1739, I expect it ascend towards the resistance level 1.2317 after a correction to the broken zone, on the other hand if there is a clear break below the level 1.1405, I expect this pair to plummet to the lower side.

Trade recommendation

Remain neutral.

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.