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Buy GBPUSD from 1.22010.

Buy GBPUSD from 1.22010. | 10 October 2019

10 October 2019, GBP/USD

Buy GBPUSD from 1.22010.

Technical Observation

On 9th of October, GBPUSD established a support around 1.22010. This is a key level and while the price is contained above it, I expect a possible momentum to the upperside. This bullish price rally is supported by the fact that the price is contained above the alligator trend indicator. If price break below this trend indicator, especially below the blue line, then this will mean we're possibly going to the lower side. A good confirmation that we're now sellers is if the price breaks below 1.22010.

Trade Recommendations:

Buy GBPUSD from 1.22010.

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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