We are flat | 14 Septiembre 2023

14 Septiembre 2023, GBP/USD

We are flat

Technical observation

GBP broke below the supportive zone 1.2635-1.2571 with a big red candle and it is still trading with an increasing bearish bias, however, I expect a loss of this downwards movement followed by a correction to the zone indicated above and a rejection within it. My advice, remain neutral and wait for a second retracement to the zone I mentioned earlier then sell a bounce within it with your take profit at 1.1688 and stop-loss at 1.2998. If there is a clear break below the level 1.1688 with a big red candle I expect the price to decline further towards the supportive level 1.0363 or lower.

Trade recommendation

Remain neutral.

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.