Remain long | 23 Juli 2020

23 Juli 2020, GBP/USD

Remain long

Technical observation

On the 4-hour chart above, GBP pulled back to a supportive level it established around 1.2651 and it could not break below it. Price bounced at the supportive level then went up with a big green candle and is still trading with an increasing bullish momentum. I expect this upwards movements to continue to the resistance line 1.2813 followed by either a clear breakout above it with a big green candle, or, a bounce at the line followed by a retracement to the supportive level 1.2651. My advice, if you are currently long with this pair, remain in the trade with your take profit at 1.2651 and stop loss at 1.2624.

Trade recommendation

Remain long with your take profit at 1.2651.

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