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Buy a bounce from 1.21217.

Buy a bounce from 1.21217. | 30 August 2019

30 August 2019, GBP/USD

Technical Observation

GBPUSD continues to pullback to the lowerside but is still above a key level 1.21653-1.21217. This is a key zone and while the price is above it, I'm waiting for a pullback towards it to pick a low risk buy order towards 1.21011. On its way to the upperside, the key lines to look for include 1.23130, and 1.23760. Should price breakout above 1.24011, then this will be a good place to look for long term buy orders towards 1.27510. And in case of a break below 1.21217, then this will mean we're continuing to the lowerside towards 1.19995.

Trade Recommendations:

Buy a bounce from 1.21217.

Imelda Maseno
Analyst of «FreshForex» company
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