We are flat | 18 Mei 2023

18 Mei 2023, GBP/USD

We are flat

Technical observation

GBP is trading with an increasing bearish bias between the supportive zone 1.2207-1.2190 and a resistance level 1.2657. Today I expect a continuation of this downwards movement to the zone i have mentioned above followed by a rejection of price within it. My advice, remain neutral and wait for a pullback to the zone indicated above hen buy a bounce within it with your take profit at 1.2657 and stop-loss at 1.2048. In case of a clear break above the level 1.2657 you can expect the value of GBP to ascend further after a correction to the broken line. On the chart above, I can only recommend short positions below the zone 1.2207-1.2190.

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.