Wait for a pullback to sell GBP | 15 Juni 2022

15 Juni 2022, GBP/USD

Wait for a pullback to sell GBP

Technical observation

GBP declined below a level 1.2180 then rallied further to the supportive level 1.1929, right now price is trading above the same support line with an increasing bullish bias and I expect a continuation of this upwards movement to the level 1.2180 followed by a rejection at it to pick short positions with my take profit at 1.1929 and stop-loss at 1.2325. If price hits level 1.1929 and clearly breaks below it with a big red candle, wait for a correction to the broken line before you continue short with the pair above. As it is on the chart above, as long price is sustained below the level 1.2180 I can only recommend bearish positions.

Trade recommendation

Wait for a correction to the level 1.2180 to sell 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.