Remain bearish | 05 Junio 2023

05 Junio 2023, GBP/USD

Remain bearish

Technical observation

GBP is trading with an increasing bearish momentum below the resistance zone it established at 1.2669-1.2609 and as long as it is sustained below this zone, I expect the price to plunge further to the lower side. In case you sold this pair within the zone mentioned above after a bounce, remain bearish with your take profit at 1.1688 and stop-loss at 1.3030. In case of a clear break below the level 1.1688, I expect the value of this pair to plunge towards the supportive level 1.0363 or lower, on the other hand, should there be a break above the zone 1.2669-1.2609, I anticipate bullish movements of price towards 1.3610.

Trade recommendation

Remain bearish 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