Remain neutral.

28 November 2022, GBP/USD

Technical observation

GBP broke above the resistance zone 1.1690-1.1623 then pulled back to it once before rising and currently price is still trading with an increasing bullish bias however, I expect a loss of this upwards movement followed by a surge to the zone mentioned above. The expected bearish movement is a correction to the same zone and I expect a rejection of price within this zone to pick bullish positions with my take profit at 1.2650 and stop-loss at 1.1154. A further surge to the upper side can be expected in case of a clear break above the key level 1.2650 with a big green candle followed by a correction and a bounce at it.

Trade recommendation

Remain neutral.

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