Looking to buy within 1.1828-1.1852 | 03 Marzo 2023

03 Marzo 2023, GBP/USD

Technical observation

GBP has been trading with an increasing bearish momentum for several days now and I still expect a continuation of this downwards movement. Today I anticipate a further rally towards the supportive zone 1.1828-1.1852 followed by either a clear break below it with a big red candle or a rejection within the same zone. In case of a rejection within the zone I have mentioned above, pick bullish positions within it towards 1.2424 and should there be a clear break below the same zone, wait for a correction to the just broken zone before you pick short positions towards the supportive levels 1.1050 and 1.0363.

Trade recommendation

Wait for a correction to the zone 1.1828-1.1852 to buy GBP.

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