09 Septiembre 2019, GBP/USD
Technical Observation
GBPUSD is in an active downtrend. While the price is contained below the three Moving averages forming parts of the trend indicator attached, we're heading to the bears side, on its way to the lowerside, the key lines to look for include 1.22385, 1.21745, 1.20785 and 1.19820, in case the price breaks below these levels, then further momentum even further to the lowerside is expected with the next ideal take profit at 1.19500. And on the bullish side, should the price break above 1.23345, then I will be looking for buy orders.
Trade Recommendations:
Look for low risk sells orders with your take profit at 1.19820.