We are flat | 14 June 2022

14 June 2022, GBP/USD

We are flat

Technical observation

This week the value of the pair above opened bearish and I expect a possible surge to the supportive level 1.2020. In case of a rejection at the same level, wait for a correction to the zone price established at 1.3355-1.3418 to sell GBP with your take profit at 1.2020 and stop loss at 1.3841. If price clearly penetrates below the level 1. 2020, I expect it to decline further towards the lower supportive level 1.1404,however, should there be a clear break above the zone I mentioned earlier, I expect the value of the pair above to ascend towards the resistance level 1.4636 or even higher to the key levels 1.4636 and 1.5924.

Trade recommendation

Wait for a correction to the zone 1.3355-1.3418 to sell GBP.

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 .