We're looking for long term sell orders | 24 July 2019
24 July 2019, GBP/USD
Technical Observation
GBPUSD is currently trading within a converging wedge formation. While the price is contained within this shape formation, we're expecting further momentum to the lowerside, this is especially true if price can rise towards the upper trendline, if this is true, then this will be the best place to look for long term sell orders. Horizontally, the key lines to look for on this chart include 1.24200, 1.24775, and 1.23915. A breakout below the lower level will push the price even further to the lowerside with the next target being 1.23630.
Trade Recommendations:
We're looking for long term sell orders
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.
