We're flat temporarily | 27 Februari 2020

27 Februari 2020, GBP/USD

We're flat temporarily

Technical observation

GBP has been retracing towards a supportive zone it established around 1.2900-1.2864, currently price is trading above this zone and i expect a decline followed by a rejection within it for possible bullish movements towards the key level 1.3313. Remain flat temporarily and wait for a bounce within the zone 1.2900-1.2864 to buy GBP with your take profit at 1.3313 and stop loss at 1.2735. In case this take profit is reached and there is a clear rise above it then further bullish momentum can be anticipated. On the daily chart above, short positions may only be recommended below 1.2900-1.2864 towards 1.2517.

Trade recommendation

Remain flat temporarily.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.