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We're sellers towards 1.19530.

We're sellers towards 1.19530. | 09 July 2021

09 July 2021, GBP/USD

We're sellers towards 1.19530.

Technical Observation:

Ealier this week, GBPUSD rallied to the lowerside and is stil below the two moving averages, while we continue to see sustainance below these moving averages, we are expecting further momentum to the lowerside and should breakout below 1.34720 and may continue much lower with the next ideal target set around 1.31600 and may extend much lower towards 1.29530. On the upperside, if the price again goes above the two moving averages, then we will be looking for a possible long term buy positions towards 1.41980 towards 1.45. If you are looking at this chart right, my recommendations is that you should continue looking for long term sell positions expecting a break below 1.34720 towards 1.298
Trade Recommendations:
We're sellers towards 1.19530.
Imelda Maseno
Analyst of «FreshForex» company
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