We're flat | 21 Juli 2020

21 Juli 2020, GBP/USD

Technical observation

GBP rose steadily up to a resistance level 1.2667 but could not break above it. Price bounced at the resistance line and is showing signs of retracing to the supportive zone 1.2481-1.2467. My expectation is bearish price rally to the supportive zone mentioned above followed by a rejection within it for an upward momentum of price. Right now, remain flat with this pair and wait for a correction to the zone 1.2481-1.2467 and a rejection within it to buy GBP with your take profit at 1.2667 and stop loss at 1.2413. In case of a break above 12667, I expect further bullish movements of price towards 1.2813.

Trade recommendation

Remain flat.

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.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus