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Wait for a buy order from within 1.24573-1.24496

Wait for a buy order from within 1.24573-1.24496 | 23 July 2019

23 July 2019, GBP/USD

Wait for a buy order from within 1.24573-1.24496

Technical Observation

GBPUSD is currently approaching a key supportive zone 1.24573-1.24496. This is a good support and while the price is held above it, I recommend looking for low risk buy orders, and in case of a break below, then I expect a steep decline towards 1.23880. A breakout below this take profit may push the price even further to the lowerside with the next ideal take profit being 1.20121 or even lower. And on the other side, a clear bounce from around the zone marked above will mean we're looking for buy orders.

Trade Signal:

Wait for a buy order from within 1.24573-1.24496

Imelda Maseno
Analyst of «FreshForex» company
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