We are short | 16 Oktober 2023

16 Oktober 2023, GBP/USD

We are short

Technical observation

Just like EUR, the value of GBP is trading with an increasing bearish bias between a supportive level 1.1688 and a resistance zone 1.2635-1.2589 and today I expect it to plummet even further to the lower side. If you sold this pair within the zone I have indicated above, I recommend that you remain in the trade with your take profit at 1.1688 and stop-loss at 1.2888, in case the value of GBP declines below the level 1.1688 with a big red candle, wait for a retracement to the broken line and a bounce at it before you continue short towards the levels 1.0363 or lower.

Trade recommendation

We are short with 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.