Remain bullish | 20 November 2023

20 November 2023, GBP/USD

Remain bullish

Technical observation

GBP pulled back to the supportive zone 1.2415-1.2395 for a second time then bounced within it and since then it has been trading with an increasing bullish bias. Today I expect a continuation of this upwards movement and if you are already holding bullish positions, I recommend that you remain in the trade with your take profit at 1.2817 and stop-loss at 1.2317. In case of a clear breach above the level 1.2817, wait for a retracement to this line before you continue long towards 1.3138, if the price declines below the zone 1.2415-1.2395, I expect a plunge towards supportive level 1.2060 or lower.

Trade recommendation

Remain bullish with your take profit at 1.2817.

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