Wait for a breakout below 1.30213 to pick a sell. A bounce from the same level will call for a buy towards 1.30878. | 22 February 2019
22 February 2019, GBP/USD
Yesterday, GBPUSD remained within a range, not going above 1.30878 or below 1.320213. Today, we're waiting for either a break below 1.30213 to pick a long term sell towards 1.28145 or a break above 1.30878 to pick a long term buy towards 1.3545. On this chart, the key lines to look for include 1.31140, 1.30878, 1.29730 and 1.29145. As it is on the daily chart, a break below 1.30213 is highly likely, if this should happen, then a long term sell looks much better with an ideal take profit level as indicated above.
Trade Recommendations:
Wait for a breakout below 1.30213 to pick a sell. A bounce from the same level will call for a buy towards 1.30878.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
