We are flat | 12 June 2023

12 June 2023, GBP/USD

We are flat

Technical observation

GBP is trading with an increasing bullish bias slightly below the resistance level 1.2657 and I expect a rise to the same line followed by a possible rejection at it or a clear break above it with a big green candle. If there a rejection at the line 1.2657, wait for a correction to the supportive zone 1.2207-1.2190 and a rejection within it to pick bullish positions with your take profit at 1.2657 and stop-loss at 1.2090. Should there be a clear break above the level 1.2675, you can wait for a correction to the broken line before you continue long with this pair, however, I expect a possible surge towards the supportive level 1.1797 in case of a break below the zone 1.2207-1.2190.

Trade recommendation

Remain flat.

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus