Remain bullish towards | 20 November 2020

20 November 2020, GBP/USD

Remain bullish towards

Technical observation

This week GBP has been trading with an increasing bullish momentum and I expect it to close bullish. If you are currently long with GBP, remain so and pick your profits now at 1.3305. Next week, I anticipate either a clear breakout above the resistance level 1.3305 with a big green candle, or, a pullback to the supportive zone 1.2634-1.2571. In case of a clear breakout above 1.3305, wait for a retracement to it and a rejection before you pick long positions and should there be a correction to the zone 1.2634-1.2571; buy this pair within it after a bounce. I can only recommend bullish positions for the pair above.

Trade recommendation

Remain bullish with your take profit at 1.3305.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .