We're bullish towards 1.3624 | 18 Desember 2020

18 Desember 2020, GBP/USD

Technical observation

GBP retraced to the supportive zone 1.3517-1.3502 and could not break below it; price bounced at the same zone and is currently trading with an increasing bullish bias. I expect this bullish movement to continue to the resistance line 1.3624 followed by a possible penetration above it with a big green candle. My advice, if you bought GBP within the zone mentioned above after a bounce, remain long with your take profit at 1.3624 and stop loss at 1.3436. As it is on the chart above, as long as price is contained above the supportive zone 1.3517-1.3502, you can only anticipate a momentum of price to the upper side.

Trade recommendation

Remain long with your take profit at 1.3624.

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.