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Look for a buy towards 1.27665.

Look for a buy towards 1.27665. | 07 June 2019

07 June 2019, GBP/USD

Look for a buy towards 1.27665.

Technical Observation

GBPUSD is currently trading in an active up trend. While the price is contained above the lower supportive trendline, I expect a possible momentum to the upper side. On this chart, the key lines I'm looking for include 1.27425, 1.27545 and 1.28. Any time the price approaches any of these lines,and breaks out above them, I'll be looking for a buy in that direction. And on the other side, should price break below 1.26710, I expect a decline towards 1.25510 and may head further downwards.

Trade Signal.

Look for a buy towards 1.27665.

Imelda Maseno
Analyst of «FreshForex» company
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