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Buy GBPUSD from 1.31844 take profit at 1.32925.

Buy GBPUSD from 1.31844 take profit at 1.32925. | 12 March 2019

12 March 2019, GBP/USD

Technical Analysis

GBPUSD is currently trading around 1.31844. This is a key short term line and while the price remains above it, and also above the 52 simple moving Average, I expect a possible continuation of the up trend which began yesterday. From the 30 minutes chart attached, I'm wait for a retracement back to 1.31844 to pick a low risk buy order towards 1.32925, and should price breakout above this line, then an acceleration further to the upperside is expected with the next key line being 1.41.

Trade Signal

Buy GBPUSD from 1.31844 take profit at 1.32925.

Imelda Maseno
Analyst of «FreshForex» company
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