We're flat | 23 September 2021

23 September 2021, GBP/USD

Technical observation

On the 4 hour chart above, price is trading with an increasing bullish bias between a supportive level 1.3570 and a resistance level 1.3681, this upwards movement is a retracement to the key level 1.3681 and I expect a rejection of it at the same line for a rally to the lower side. My advice, remain flat temporarily and wait for a correction to the line 1.3681 then sell a bounce at it with your take profit at 1.3570. In case there is a clear breakout below the supportive level 1.3570, I expect the value of this pair to plummet to the lower side. On the other hand , in case of a clear break above the level 1.3681, I expect a surge to the upper side.

Trade recommendation

Remain flat.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Imelda Maseno
Analyst of «FreshForex» company
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