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Look for a low risk buy from 1.30500 with your take profit at 1.33800.

Look for a low risk buy from 1.30500 with your take profit at 1.33800. | 29 March 2019

29 March 2019, GBP/USD

Technical Observation

GBPUSD is currently bouncing off from the two Simple Moving Averages (50, 152). We recommend looking for buy orders while there is a buy signal. On its way upwards, the key lines to look for include 1.33800, 1.37130 and 1.42680. Any time the price approaches these lines, we'll expect a low risk trade. And on the contrary, in case the price close below the slow Simple Moving Average, then we'll wait for a close below 1.28280 to pick a low risk sell order towards 1.26060, and the next take profit at 1.24950.

Trade Signal.

Look for a low risk buy from 1.30500 with your take profit at 1.33800.

Imelda Maseno
Analyst of «FreshForex» company
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