We are flat | 19 Enero 2023

19 Enero 2023, GBP/USD

Technical observation

GBP has been trading with an increasing bullish bias below the resistance level 1.2650 for a while now and today I expect a continuation of this upwards movement to the same level followed by either a rejection of price at it or a clear break above it with a big green candle. If price breaches the level 1.2650, wait for a correction and a rejection at it before you continue long with this pair, on the other hand, should there be a bounce at the same level, wait for a pullback to the supportive zone 1.1690-1.1623 then re-buy GBP within it with your take profit at 1.2650 and stop-loss at 1.1153. I can only recommend short positions below the zone 1.1690-1.1623.

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.