20 September 2023, GBP/USD
Technical observation
On the chart above, the price broke below the supportive zone 1.2635-1.2571 with a big red candle and it is still trading with an increasing bearish bias, today I expect a possible loss of this downwards movement followed by a retracement to the zone I mentioned above and my advice is, remain flat and wait for a second pullback to the zone 1.2635-1.2571 then sell a bounce within it with your take profit at 1.1688 and stop-loss at 1.2992. If there is a clear penetration below the level 1.1688, wait for a retracement to this line and a rejection at the broken line before you continue short towards the key level 1.0363 or lower.
Trade recommendation
Remain flat.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 