We are short towards 1.0883 | 07 Octubre 2022

07 Octubre 2022, GBP/USD

We are short towards 1.0883

Technical observation

Since it bounced within the resistance zone 1.1470-1.1427 GBP has been trading with an increasing bearish momentum and today I expect a continuation of this downwards movement. If you are currently holding short positions with the pair above I would recommend that you remain in the trade and pick your profits at the level 1.0883, and in case price clearly penetrates below this level with a big red candle, I expect it to surge further towards the supportive level 1.0364 after a retracement to the broken line. As it is on the chart above, I can only recommend bullish positions in case of a clear break above the zone 1.1470-1.1427.

Trade recommendation

Remain short with your take profit at 1.0883.

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