16 Tháng sáu 2023, GBP/USD
Technical observation
GBP is trading with an increasing bullish bias slightly below the zone 1.3356-1.3279, this upwards movement is a correction to the zone indicated above and I expect a rejection within it followed by a momentum to the lower side. Right now, I recommend you remain neutral and wait for a pullback to the zone 1.3356-1.3279 then sell a bounce within it with your take profit at 1.1307 and stop-loss at 1.3910. On the chart above as long as the price is sustained below the zone 1.3356-1.3279, I can only recommend short positions on the other hand if there is a break above the same zone, I anticipate a surge towards level 1.4749.
Trade recommendation
Remain neutral.
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