Wait for a correction to the zone 1.2635-1.2589 | 01 Noviembre 2023

01 Noviembre 2023, GBP/USD

Wait for a correction to the zone 1.2635-1.2589

Technical observation

The value of GBP is rallying between the supportive level 1.1702 and a resistance zone 1.2635-1.2589, today I expect a further surge to the zone I have indicated above followed by either a bounce within it or a clear break above it with a big green candle. In case of a rejection within the zone 1.2635-1.2589, sell this pair within it with your take profit at 1.1702 and stop-loss at 1.2819, contrary, if there is a clear penetration above this zone with a big green candle; pick bullish positions within the same zone with your first take profit at 1.3610 and the next at 1.4376.

Trade recommendation

Wait for a correction to the zone 1.2635-1.2589 to sell GBP.

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.