Remain neutral temporarily. | 19 Oktober 2022

19 Oktober 2022, GBP/USD

Remain neutral temporarily.

Technical observation

Just like EUR, GBP is opened bullish this week and I expect it to rally further to the upper side throughout the week, the anticipated upwards movement of price is a correction to the resistance zone 1.1654-1.1746 and I expect a possible rejection within it. Right now as it is on the weekly chart above, I would recommend that you remain neutral temporarily and wait for a retracement to the zone I have indicated above then sell a bounce within it with your take profit at the level 1.0360 and stop-loss at 1.2301. If there is a clear break below the level 1.0360, continue short after a correction and a rejection of price at it.

Trade recommendation

Remain neutral temporarily.

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