Expecting a surge towards 1.0368 | 04 Januari 2023

04 Januari 2023, GBP/USD

Expecting a surge towards 1.0368

Technical observation

Since it bounced within the zone resistance zone 1.2278-1.2186, GBP has been trading with an increasing bearish bias for the past four consecutive weeks and as long as price remains below the zone in have mentioned above, I expect it to plummet even further. In case you picked short positions within the zone indicated above after a bounce, I recommend that you remain in the trade with your take profit at 1.0368 and stop-loss at 1.2670. Should there be a clear break below the level 1.0368, you can expect the value of GBP to descend even further after a correction and a rejection of price at the broken line.

Trade recommendation

Remain short with your take profit at 1.0368.

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