Wait | 08 Diciembre 2022

08 Diciembre 2022, GBP/USD

Technical observation

GBP retraced to the supportive zone 1.1690-1.1623 then bounced within it before rising steadily and it is currently trading with an increasing bullish bias slightly below the level 1.2650. I expect price rise to the level 1.2650 then either bounce at it or clearly break above it with a big green candle. My advice, in case of a rejection at 1.2659, wait for a correction to the zone I mentioned earlier then buy a bounce within it with your take profit at 1.2650 and stop-loss at 1.1161. On the other hand, if there is a clear break above the level 1.2650, wait for a pullback and a bounce at it before you continue long with GBP towards the key level 1.3610.

Trade recommendation

Remain neutral.

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.