18 tháng Ba 2022, GBP/USD
Technical observation
Just like EUR, GBP pulled back to a resistance zone 1.3203-1.3183 but could not break above it, instead it bounced below the zone and today I expect price to plummet towards the supportive level 1.2688. My advice, pick short positions now within the zone I have mentioned above with your take profit at 1.2688 and stop loss at 1.3358. As long as the value of GBP is sustained below the zone 1.3203-1.3183 I expect it to trade with an increasing bearish bias. The key levels to look for on your way downwards include 1.2688, 1.2099 and the lower supportive level 1.1436. I can only recommend bullish positions above the zone 1.3203-1.3183.
Trade recommendation
Pick short positions within the zone 1.3203-1.3183 with your take profit at 1.2688.
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