Remain neutral temporarily. | 10 Januari 2023

10 Januari 2023, GBP/USD

Remain neutral temporarily.

Technical observation

GBP bounced within the zone 1.2278-1.2186 and for some time price traded with an increasing bearish bias. However, for the past two consecutive weeks the value of this pair has been rising and this week it also opened bullish within the zone indicated above. I expect a rejection of this upwards movement followed by a rally to the lower side and if you are currently neutral with the pair above, pick short positions within the zone 1.2278-1.2186 after a bounce with your take profit at 1.0368 and stop-loss at 1.2663, a further surge to the lower side can be expected in case there is a clear penetration below the level 1.0368.

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.