We're flat temporarily | 13 Agustus 2021

13 Agustus 2021, GBP/USD

We're flat temporarily

Technical observation

GBP is trading with an increasing bearish bias above a supportive zone 1.3661-1.3599, this bearish movement is a correction to the zone I have mentioned above and I expect a loss of it within the same zone for a surge to the upper side. My advice, remain flat temporarily and wait for a correction to the zone 1.3661-1.3599 then buy a bounce within it with your take profit at 1.4615 and stop loss at 1.3321. In case there’s no rejection within the zone 1.3661-1.3599 but a clear breakout below it with a big red candle, I expect the value of this pair to plummet to the supportive level 1.2565 or even lower to 1.1518 after a retracement to the broken zone.

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

Tulis

Get bonus