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Waiting for a resell from 1.28819, or a break above to pick a buy.

Waiting for a resell from 1.28819, or a break above to pick a buy. | 12 Noviembre 2019

12 Noviembre 2019, GBP/USD

Waiting for a resell from 1.28819, or a break above to pick a buy.

Technical Observation

Yardmaster, GBPUSD rose intensely to the upperside but failed to break above 1.28819-1.28773. This is a key hourly level and while the price is not able to clearly break above it, we choose to remain on the sellers side. However, in case the price clearly breaks and closes above this level, then we expect further momentum to the upperside. And on the other side, should the Moving average turn red and the price closes below the previous week's lower side, then this will give us a good place to look for a long term sell order.

Trade Recommendations:

Waiting for a resell from 1.28819, or a break above to pick a buy.

TRADE FUEL WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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