Wait | 14 December 2022

14 December 2022, GBP/USD

Wait

Technical observation

Since it bounced within the supportive zone 1.1690-1.1623, GBP has been rallying steadily to the upper side and currently it is trading just below the level 1.265. I expect a continuation of this upwards movement to the same level followed by a possible rejection of price at it, My advice is, remain flat and wait for a rejection at the level 1.2650 followed by a correction to the zone 1.1690-1.1623 to buy GBP with your take profit at 1.2650 and stop-loss at 1.1155. If there is a clear break above the 1.2650 with a big green candle, I expect the value of GBP to plummet further towards the resistance level 1.3610 or higher.

Trade recommendation

Remain neutral.

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 .