Halaman Utama >
Analytics
>
Fresh forecast
>
Technical Analysis Based on Breakout
>
Wait for a pullback to the zone 1.2635-1.2571

Wait for a pullback to the zone 1.2635-1.2571 | 18 September 2023

18 September 2023, GBP/USD

Wait for a pullback to the zone 1.2635-1.2571

Technical observation

GBP broke below the zone 1.2635-1.2571 with a big red candle and it is still trading with an increasing bearish bias, however I expect a loss of this downwards movement followed by a correction to the broken zone and a possible bounce within it. My advice, remain neutral and wait for a correction to the zone mentioned above then sell a rejection within it with your take profit at 1.1688 and stop-loss at 1.2992, if the price declines below the level 1.1688, wait for a correction this line before you continue short towards 1.0363. As long as GBP is sustained below the zone 1.2635-1.2571, I can only recommend bearish positions.

Trade recommendation

Wait for a pullback to the zone 1.2635-1.2571 to sell GBP.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk

Tunjukkan Kata Kunci

Sembunyikan Kata Kunci

 Lupa kata sandi?
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.

Penghargaan terbaik kami:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.