Buy a break above 1.33226 | 20 March 2019
20 March 2019, GBP/USD
Technical Observation
Gbp is confined above the two simple moving averages (14, 52). Currently the price is approaching a key daily resistance line 1.33275. This is a key line and while it shields the upperside, I expect bounce from it to short this pair with my first take profit at 1.26943. A clear breakout above 1.33226, will mean we're heading even higher towards 1.37426. And in case this last take profit is violated, then further move towards 1.42910 is expected. On the daily chart, I advice waiting for a clear breach above 1.33226 to pick a sell towards.
Trade Signal.
Buy a break above 1.33226
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.
