Remain long | 30 August 2023

30 August 2023, GBP/USD

Remain long

Technical observation

GBP pulled back to the supportive zone 1.2636-1.2582 for a second time then bounced within it; Yesterday the price rose with a big green candle and today I expect a continuation of this upwards movement. If you bought this pair within the zone I mentioned above, I recommend that you remain in the trade with your take profit at 1.3610 and stop-loss at 1.2251, In case of a rise above the level 1.3610 I recommend that you wait for a retracement to the broken line before you continue long, however, if the price breaks below the zone 1.2636-1.2582, short GBP towards the supportive level 1.1688 and 1.0363.

Trade recommendation

Remain long with your take profit at 1.3610.

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 .