Remain flat | 28 Desember 2021

28 Desember 2021, GBP/USD

Remain flat

Technical observation

On the daily chart is above price is trading with an increasing bullish bias below the resistance zone it established at 1.3568-1.3564, I expect a continuation of this upwards to the same zone followed by a bounce within it to short GBP with my take profit at 1.3192 and stop loss at 1.3683. In case of a clear breakout below the supportive level 1.3192 with a big red candle, further bearish movements towards the level 1.2854 can be anticipated on the other hand in case of a clear break above the zone 1.3568-1.3564 with a big green candle, I expect the value of this pair to surge towards the upper resistance level 1.3982.

Trade recommendation

Remain flat temporarily.

Imelda Maseno
Analyst of «FreshForex» company
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