We are neutral. | 22 Noviembre 2022

22 Noviembre 2022, GBP/USD

We are neutral.

Technical observation

GBP is trading with an increasing bearish bias between the supportive zone it established at 1.1738-1.1723 and a resistance level 1.1966, this bearish movement is a correction to the zone I have mentioned above and I expect a possible rejection within it to pick bullish positions. My advice, remain neutral and wait for a correction to the zone indicated above then pick bullish position within it with your take profit at 1.1966 and stop-loss at 1.1640. If there is a clear break below the zone 1.1738-1.1723, you can expect the value of GBP to plummet after a pullback to the broken zone and bounce within it.

Trade recommendation

Remain flat.

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.