We're flat | 31 Maret 2021

31 Maret 2021, GBP/USD

We're flat

Technical observation

GBP has been declining steadily towards a supportive zone 1.3599-1.3478, this bearish rally is a correction to the zone mentioned above and I expect a loss of price within it for a momentum to the upper side. My advice, remain flat and wait for a correction to the zone 1.3599-1.3478 to buy GBP with your take profit at 1.4615 and stop loss at 1.3182. In case of breakout above the level 1.4615, I expect further bullish movement for price towards the upper resistance line 1.5891. However, in case of a break below the zone 1.3599-1.3478, you can expect price to surge to the lower side after a correction to the just broken zone.

Trade recommendation

Remain neutral.

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