We are flat | 11 Januari 2022

11 Januari 2022, GBP/USD

We are flat

Technical observation

On the 4 hour chart above, GBP has been rising steadily towards the upper resistance zone 1.3604-1.3592. For the past two consecutive hours, the value of this pair has been trading with an increasing bullish bias and it could rise even further penetrating above the zone 1.3604-1.3592. If this pair clearly breaks above the same zone with a big green candle, wait for a correction to the just broken zone then buy a bounce within it with your take profit at 1.3824. On the other hand, in case of a bounce within the zone, wait for a pullback to the supportive zone 1.3373-1.3362 then buy GBP within it with your take profit at 1.3592.

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.