Expecting a rally towards 1.1688 | 25 Mei 2023

25 Mei 2023, GBP/USD

Technical observation

GBP is trading with an increasing bearish bias below the resistance zone it established at 1.2669-1.2609 and as long as it is sustained below this zone I anticipate a further surge to the lower side. In case you already sold GBP within the zone I mentioned earlier, remain bearish with your take profit at 1.1688 and stop-loss at 1.3026. If the price clearly breaks below the line 1.1688, I expect it to plunge further towards the lower support level marked at 1.0363, however, I expect possible bullish movements of price towards the resistance levels 1.3610 and 1.4376 should there be a clear breach above the zone 1.2669-1.2609.

Trade recommendation

Remain short with your take profit at 1.1688.

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