Sell GBP within the zone 1.3356-1.3279 | 01 Agustus 2023

01 Agustus 2023, GBP/USD

Sell GBP within the zone 1.3356-1.3279

Technical observation

On the chart above, the price is pulling back to the resistance zone 1.3356-1.3279 and I expect a possible bounce within this zone followed by a momentum to the lower side. My advice, remain flat and wait for a pullback to the zone I have indicated above then sell a bounce within it with your take profit at 1.1307 and stop-loss at 1.3778 If there is a clear breach below the level 1.1307, wait for a retracement to the broken line before you continue short towards the level 1.0368, however if the price rises above the zone 1.3356-1.3279, pick bullish positions towards the key levels 1.4749 and 1.6725.

Trade recommendation

Sell GBP within the zone 1.3356-1.3279 with your take profit at 1.1307.

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