We are bearish towards 1.1405 | 15 Septiembre 2022

15 Septiembre 2022, GBP/USD

Technical observation

GBP retraced to the resistance zone 1.1758-1.1739 and it bounced within it as I has predicted previously, price then declined steadily and right now it is still trading with an increasing bearish bias slightly above the supportive level 1.1405. My expectation is a further surge towards the level I have mentioned above followed by either a rejection of price at it or a clear break below it with a big red candle. If you are currently holding short positions with the pair above, remain in the trade with your take profit at 1.1405 and stop-loss at 1.1852, I can only recommend bullish positions in case of a break above the zone 1.1758-1.1739.

Trade recommendation

Remain short with your take profit at 1.1405.

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