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Rebuy GBPUSD from 1.22828.

Rebuy GBPUSD from 1.22828. | 12 September 2019

12 September 2019, GBP/USD

Rebuy GBPUSD from 1.22961 towards 1.254.

Technical Observation

Since the previous day, Eurusd has tried retracing back to the lowerside but is still above 1.22961-1.22828. While the price is contained above this zone, I'm expecting a possible momentum steeply to the upperside. My recommendations is that the price should pullback downwards but should not go below where we're waiting for it. If price goes below 1.22828, then this will mean we're looking for a long term sell towards 1.20515. On its way downwards, the key lines to look for include 1.22310, 1.21285 and 1.20770.

Trade Recommendations:

Rebuy GBPUSD from 1.22828.

Imelda Maseno
Analyst of «FreshForex» company
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