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Buy a break above the previous day;s highest high.

Buy a break above the previous day;s highest high. | 02 January 2020

02 January 2020, GBP/USD

Buy a break above the previous day;s highest high.

Technical Observation

Currently, GBPUSD is in an active up trend. While the price is contained above the trend Indicator attached, We are looking for long term buy orders towards 1.35675. And while the MACD columns are contained above 0.00, we are still massively to the upper side. If you are a bit skeptic to pick buy position now, you could wait for a break above the recent highest high to pick a long term buy position towards the next level. If the price breaks below the previous week's lowest low to pick a sell.

Trade Recommendations:

Buy a break above the previous day;s highest high.

Imelda Maseno
Analyst of «FreshForex» company
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