Wait for a correction to the zone 1.3563-1.3551 | 04 Februari 2022

04 Februari 2022, GBP/USD

Wait for a correction to the zone 1.3563-1.3551

Technical observation

GBP rose above a zone 1.3563-1.3551 with a big green candle; price then retraced to the just broken zone and could not break below it and as long as this pair remains above this zone I can only recommend bullish positions for the pair above. Right now the value of this pair is trading with an increasing bearish bias and I expect a continuation of this downwards movement to the zone mentioned above followed by a rejection within it to pick long positions with my take profit at 1.3700 and stop loss at 1.3493. A further rally to the upper side can be expected in case of a clear penetration above the resistance level 1.3700.

Trade recommendation

Wait for a correction to the zone 1.3563-1.3551 to buy GBP.

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