Remain flat | 06 Enero 2023

06 Enero 2023, GBP/USD

Technical observation

On the 4 hour chart above, GBP has been trading with an increasing bearish bias for some time now and today I expect a continuation of this downwards momentum. The anticipated surge to the lower side is a correction to the supportive zone 1.1689-1.1644 and I expect a rejection of price within the same zone followed by a rally to the upper side. My advice, remain neutral and wait for a pullback to the zone indicated above then buy a bounce within it with your take profit at 1.2322 and stop-loss at 1.1442. On the chart above, as long as price is sustained above the zone 1.1689-1.1644 I can only recommend bullish positions.

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.