We're short towards 1.1777 | 15 Agustus 2022

15 Agustus 2022, GBP/USD

We're short towards  1.1777

Technical observation

Since it bounced below the resistance zone 1.2319-1.2293, GBP has been trading with an increasing bearish bias and as long as it is sustained below this zone I expect this downwards movement to continue towards the key level 1.1777. If you picked short positions below the zone indicated above after a bounce, remain in the trade with your take profit at 1.1777 and stop-loss at 1.2429. In case of a break below the level 1.1777, I expect the value of GBP to plummet after a correction to the broken line; on the other hand, in case of a clear break above the zone 1.2319-1.2293, I expect possible bullish movements towards 1.2659.

Trade recommendation

Remain short with your take profit at 1.1777.

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