We are short | 26 May 2023

26 May 2023, GBP/USD

We are short

Technical observation

This week the price opened bearish below the resistance zone 1.2662-1.2575 and as long as it is sustained below this zone, I expect it to decline further, My advice, if you sold this pair within the zone I have indicated above, remain short with your take profit at 1.0368 and stop-loss at 1.3091,if price clearly penetrates below the level 1.0368 with a big red candle, you can continue short after a pullback and a bounce at the broken line, however, in case of a clear break above the zone 1.2662-1.2575, I anticipate possible bullish movements towards the resistance levels 1.4236 or even higher to 1.6725.

Trade recommendation

Remain short with your take profit at 1.0368.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
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
Nos complacerá contestar cualquier pregunta que pueda tener


Get bonus