Look for a low risk buy from 1.30500 with your take profit at 1.33800. | 29 March 2019
29 March 2019, GBP/USD
Technical Observation
GBPUSD is currently bouncing off from the two Simple Moving Averages (50, 152). We recommend looking for buy orders while there is a buy signal. On its way upwards, the key lines to look for include 1.33800, 1.37130 and 1.42680. Any time the price approaches these lines, we'll expect a low risk trade. And on the contrary, in case the price close below the slow Simple Moving Average, then we'll wait for a close below 1.28280 to pick a low risk sell order towards 1.26060, and the next take profit at 1.24950.
Trade Signal.
Look for a low risk buy from 1.30500 with your take profit at 1.33800.
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.
