Expecting a rally to 1.1852 | 01 November 2022

01 November 2022, GBP/USD

Technical observation

GBP is trading with an increasing bullish momentum above the supportive zone it established at 1.1460-1.1427 and as long as it is contained above this zone I expect it to rally further upwards. If you bought GBP within the zone mentioned above after a bounce, remain in the trade with your take profit at 1.1852 and stop-loss at 1.1271. Should there be a clear break above the level 1.1271 with a big green candle, a further surge to the upper side can be expected after a retracement to the broken line and rejection at it, however, if there is a break below the zone 1.1460-1.1427, I expect the value of GBP to plummet towards the level 1.0919.

Trade recommendation

Remain bullish with your take profit at 1.1852.

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.