2023/01/30 - 09.22 AM

Our preference: long positions above 1.0850 with targets at 1.0880 & 1.0900 in extension.
Alternative scenario: below 1.0850 look for further downside with 1.0835 & 1.0820 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

© Copyright Lakforex. All Rights Reserved

Risk Disclaimer

Trading foreign currency exchange and Crypto Exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.