We are flat | 02 Febrero 2023

02 Febrero 2023, GBP/USD

Technical observation

GBP is trading with an increasing bearish bias between the supportive zone 1.2258-1.2263 and a resistance level 1.2432, this downwards movement is a correction to the zone I have mentioned above, and I expect pullback to the same zone followed by a rejection of price within it. My advice, remain flat and wait for a correction to the zone 1.2258-1.2263 then buy a bounce within it with your take profit at 1.2432 and stop-loss at 1.2190. I expect price to rally further upwards should it break above the level 1.2432, on the other hand in case of a break below the zone 1.2258-1.2263, I expect GBP to plummet towards the supportive level 1.2083.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus