Sell GBP within the zone 1.3356-1.3279 | 26 Julio 2023

26 Julio 2023, GBP/USD

Sell GBP within the zone 1.3356-1.3279

Technical observation

GBP is trading with an increasing bullish bias below the resistance zone 1.3356-1.3279 and this week I expect a further surge to the same zone followed by either a rejection within it or a clear break above it with a big green candle. My advice, place a pending sell limit order within the zone 1.3356-1.3279 with your take profit at 1.1307 and stop-loss at 1.3770. If the price penetrates below the level 1.1307, continue short with this pair towards the level 1.0368, on the other hand, should there be a break above the zone 1.3356-1.3279, long GBP towards the resistance levels 1.4749 and 1.6725.

Trade recommendation

Sell GBP within the zone 1.3356-1.3279 with your take profit at 1.1307.

Imelda Maseno
Analyst of «FreshForex» company
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