Wait and rebuy GBPUSD from 1.21885. | 23 August 2019

23 August 2019, GBP/USD

Wait and rebuy GBPUSD from  1.21885.

Technical Observation

On the chart, the key zone to look for is 1.22185-1.21885, this is a key turn coat support and while the price is contained above it, we expect a momentum to the upperside. Following the rise above 1.22185, we're waiting for retracement back to the same level to pick a long term buy position with our take profit at 1.22785. A break above this take profit will mean we're continuing to the upperside with next ideal take profit at 1.254654. On this chart, only a break below 1.21735 will attract a long term sell order.

Trade Recommendations:

Wait and rebuy GBPUSD from 1.21885.

Imelda Maseno
Analyst of «FreshForex» company
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