28 Marzo 2023, GBP/USD
Technical observation
GBP is retracing to the resistance zone it established at 1.2401-1.2308 and I expect a loss of this upwards movement within the same zone followed by a momentum to the lower side. My advice, remain neutral temporarily and sell a bounce within the zone I have indicated above with your take profit at level 1.0368 and stop-loss at 1.2863. If price breaks below the level 1.0368, I expect it to descend further after a pullback to the broken line; on the other hand, in case of a break above the zone 1.2401-1.2308 with a big green candle, I expect possible bullish momentum towards the resistance levels 1.4236 and 1.6725 or higher.
Trade recommendation
Remain neutral temporarily.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 