Buy GBPUSD towards 1.32929. | 13 March 2019

13 March 2019, GBP/USD

Buy GBPUSD towards 1.32929.

Technical Observation

GBPUSD is currently above the three simple moving averages (200, 152, 52). While the price is above these three, I expect a steep rise towards the following lines 1.32929, a breakout above this lines will push the price further to the upperside towards 1.37664, and should price breakout higher, then further rally towards 1.42753. On the daily chart shown above, I'm only looking for buy orders, but a clear breakout below 1.25940 will mean we're looking for a long term sell towards 1.21.

Trade Signal

Buy GBPUSD with your take profit 1.32929.

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.

Anjara

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Imelda Maseno

Analyst of «FreshForex» company

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