We are flat | 01 Juni 2023

01 Juni 2023, GBP/USD

Technical observation

GBP has been rallying to the upper side for some time now and today, I expect a continuation of this upwards movement towards the resistance zone it established at 1.2669-1.2609 followed by a possible rejection within it. My advice, remain neutral and wait for a correction to the zone I have indicated above then sell a bounce within it with your take profit at 1.1688 and stop-loss at 1.3030. Should the price clearly break below the level 1.1688 with a big red candle, you can expect it to plunge towards the line 1.0363 or lower, on the other hand if there is a clear break above the zone 1.2669-1.2609, I anticipate possible bullish movements towards 1.3610.

Trade recommendation

Remain neutral.

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