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Buy GBP towards 1.3200

Buy GBP towards 1.3200 | 22 August 2018

22 August 2018, GBP/USD

Technical Observation

Just as I said previously, while the price is above the two Simple Moving Averages, I expect nothing but a rise towards 1.3115. If you are in a long position based on the other days analysis, you can still look for long positions now after a retracements towards 1.2820. O its way upwards, the key lines to look for include 1.2965, 1.2995 and 1.3115. If these lines are broken, then further rise towards 1.3230. On the contrary, only a descend below 1.2715 will attract a long term short position.

Trade Signal.

Buy GBP towards 1.3200

101% Double the volume

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Imelda Maseno
Analyst of «FreshForex» company
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