Remain short | 19 May 2023

19 May 2023, GBP/USD

Remain short

Technical observation

Since it bounced within the zone 1.2669-1.2609 GBP has been trading with an increasing bearish bias and as long as it is sustained below the same zone I expect a continuation of this downwards movement. If you already sold GBP within the zone indicated above, I recommend that you remain bearish with your take profit at 1.1688 and stop-loss at 1.0363. In case of a break below the level 1.1688 with a big red candle, I expect the value of this pair to plunge towards the lower supportive level marked at 1.0363, Right now as it is on the on the chart above, only short positions are ideal and can be recommended.

Trade recommendation

Remain short with your take profit at 1.1688.

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