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Place a pending buy limit order around 1.21733 towards 1.23080.

Place a pending buy limit order around 1.21733 towards 1.23080. | 29 August 2019

29 August 2019, GBP/USD

Technical Observation

GBPUSD is currently trading with an increasing bearish bias momentum. We're waiting for a bounce from the level 1.21733 to pick a low risk buy order towards 1.23080. On its way to the upperside, the key lines to look for include 1.22415, 1.22750, and 1.23080. And on the other side, should the price go below 1.21733, then this will be a good place to look for long term sell orders towards 1.20750 or even lower. Conservative traders should have pending buy orders around 1.21733.

Trade Recommendations:

Place a pending buy limit order around 1.21733 towards 1.23080.

Imelda Maseno
Analyst of «FreshForex» company
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