We are neutral. | 09 Septiembre 2022

09 Septiembre 2022, GBP/USD

Technical observation

With the past three consecutive candles GBP has been trading with an increasing bullish bias and I expect a further rally to the upper side towards the resistance zone 1.1841-1.1855, the anticipated upward movements is a correction to the zone indicated above and I expect a rejection of price within it to pick short positions with my take profit at 1.1430 and stop-loss at 1.1962. If there is a clear break below the level 1.1430 , I expect the value of GBP to plummet further, on the other hand should there be a clear break above the zone 1.1841-1.1855, I expect price to ascend towards the resistance level 1.2317 or higher to 1.2652.

Trade recommendation

Wait for a retracement to the zone 1.1841-1.1855 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