Wait for a buy order from within 1.24573-1.24496 | 23 July 2019
23 July 2019, GBP/USD
Technical Observation
GBPUSD is currently approaching a key supportive zone 1.24573-1.24496. This is a good support and while the price is held above it, I recommend looking for low risk buy orders, and in case of a break below, then I expect a steep decline towards 1.23880. A breakout below this take profit may push the price even further to the lowerside with the next ideal take profit being 1.20121 or even lower. And on the other side, a clear bounce from around the zone marked above will mean we're looking for buy orders.
Trade Signal:
Wait for a buy order from within 1.24573-1.24496
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.
