Expecting a momentum towards 1.4182 | 22 Oktober 2021

22 Oktober 2021, GBP/USD

Expecting a momentum towards 1.4182

Technical observation

GBP retraced to a supportive zone it established at 1.3572-1.3515 but it could not break below it, price was sustained above the zone and as long as it remains above it you can only expect a surge to the upper side. If you picked long positions within the zone I have mentioned above after a bounce, remain in the trade with your take profit at 1.4182 and stop loss at 1.3218. In case of a clear breakout above the resistance level 1.4182 with a big green candle, I expect a retracement to it followed by a further surge to the upper side. On the other hand in case of a clear break below the zone 1.3572-1.3515 with a big red candle, I expect the value of the pair to descend to the supportive level 1.2565.

Trade recommendation

Remain long with your take profit at 1.4182.

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.