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Wait | 18 December 2019

18 December 2019, GBP/USD

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Technical Observation

Earlier this week, the price went below the Alligator trend indicator is still rallying below it. At the same time, the KDJ Oscillator is below the 20.0 level. According to the Alligator trend indicator, we're in an active downtrend, but according to the Oscillator attached, we're approaching an oversold area and a good place to pick a buy from. Therefore, we're waiting for a possible buy if the indicator shows signs of bouncing from the level 20.00. On its way upwards, the key levels to look for include 1.3325, and 1.3535.

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Imelda Maseno
Analyst of «FreshForex» company
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