Wait | 22 November 2023

22 November 2023, GBP/USD

Wait

Technical observation

The pair on the chart above is trading with an increasing bullish bias slightly above the supportive zone 1.2415-1.2395 and today I expect a further surge to the upper side towards the level 1.2817. If there is a rejection of at the level 1.2817, wait for another correction to the 1.2415-1.2395 to buy GBP with your take profit at 1.2817 and stop-loss at 1.2318, in case of a clear break above the level 1.2817 I expect the value of GBP to ascend further towards the key levels 1.3138 or higher, on the hand should there be a clear break below the zone I mentioned earlier, I expect the price to plummet towards 1.2060.

Trade recommendation

Remain neutral.


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
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .