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Buy a break above 1.25140.

Buy a break above 1.25140. | 19 September 2019

19 September 2019, GBP/USD

Technical Observation

GBPUSD is in an active up trend on the daily chart. But on the 4 hours chart attached, GBPUSD is trading within a possible wedge formation. This shape formation is a possible sign that we're continuing to the upperside or a sign that there's a reversal coming up. On this chart, I'm looking at the following levels for a possible trade 1.22880, 1.19940, 1.21360 and 1.25140. If the price breaks above 1.25140, then this will be a good place to continue looking for buy orders towards 1.2645.

Trade Recommendations:

Buy a break above 1.25140.

Imelda Maseno
Analyst of «FreshForex» company
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