Expecting a rally to 1.2759 | 03 June 2022

03 June 2022, GBP/USD

Expecting a rally to 1.2759

Trade recommendation

GBP bounced within the supportive zone it established at 1.2487-1.2464 and since then it has been trading with an increasing bullish bias. I expect price to ascend towards the resistance level 1.2759 followed by either a clear break above it with a big green candle or a bounce at it followed by another correction to the zone I mentioned earlier. If you picked long positions within the zone 1.2487-1.2464 remain in the trade with your take profit at 1.2759 and stop-loss at 1.2369. In case of a clear penetration above 1.2759, wait for a pullback to it before you continue long towards the upper resistance level 1.3212.

Trade recommendation

Remain long with your take profit at 1.2759.

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 .