We are neutral temporarily | 13 Septiembre 2022

13 Septiembre 2022, GBP/USD

Technical observation

GBP has been rising steadily for several days now and it is currently trading with an increasing bullish bias slightly below a resistance zone it established at 1.1837-1.1855, today I expect a continuation of this upwards movement to the zone mentioned above followed by a possible bounce within it. My advice, remain neutral temporarily and wait for a retracement to the zone I have indicated above then sell a bounce within it with your take profit at 1.1428 and stop-loss at 1.1954. In case of a clear break above the zone 1.1837-1.1855, I can only recommend picking long positions after a second correction to the same zone.

Trade recommendation

Remain neutral temporarily.

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.