17 Tháng Năm 2023, GBP/USD
Technical observation
GBP is trading with an increasing bearish bias slightly below the resistance zone 1.2669-1.2609 and as long as it is sustained below the same zone, I expect the price to plummet further to the lower side. If you are currently holding short positions with this pair, my advice is you remain in the trade with your take profit at 1.1688 and stop-loss at 1.3068, you can continue short with this pair towards 1.0362 after a clear breach and a retracement to the level 1.1688, on the other hand, pick bullish positions towards the resistance levels 1.3610 and 1.4376 in case the price penetrates above the zone 1.2669-1.2609.
Trade recommendation
Remain bearish with your take profit at 1.1688.
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