Remain flat with GBP | 02 Noviembre 2023

02 Noviembre 2023, GBP/USD

Remain flat with GBP

Technical observation

This week the value of the pair above opened bullish and I expect it to plummet even further to the upper side. The anticipated momentum to the upper side is a pullback to the resistance zone 1.4343-1.4245 and I expect a rejection of price within it. My advice, remain flat and wait for a retracement to the zone mentioned above then sell GBP within it with your take profit at 1.0877 and stop-loss at 1.4811. If there is a clear penetration above the zone 1.4343-1.4245 with a big green candle, wait for a pullback and a bounce to this line before you pick bullish positions towards the key level 1.7195 or higher.

Trade recommendation

Wait for a retracement to the zone 14343-1.4245 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.