Wait | 17 April 2023

17 April 2023, GBP/USD

Wait

Technical observation

Since it bounce at the resistance level 1.2551 GBP has been trading with an increasing bearish bias and my expectation is a continuation of this downwards movement to the supportive zone 1.2228-1.2207 followed by either a rejection of price within it or a clear break below it with a big red candle. My advice, remain flat and wait for a pullback to the zone indicated above then buy a bounce within it with your take profit at 1.2551 and stop-loss at 1.2103, in case of a break below the zone 1.2228-1.2207, wait for a correction to the broken zone and a rejection within it before you pick short positions towards the supportive level 1.1797, or lower to 1.1336.

Trade recommendation

Remain flat.

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.