Wait and rebuy GBPUSD from 1.21885. | 23 August 2019
23 August 2019, GBP/USD
Technical Observation
On the chart, the key zone to look for is 1.22185-1.21885, this is a key turn coat support and while the price is contained above it, we expect a momentum to the upperside. Following the rise above 1.22185, we're waiting for retracement back to the same level to pick a long term buy position with our take profit at 1.22785. A break above this take profit will mean we're continuing to the upperside with next ideal take profit at 1.254654. On this chart, only a break below 1.21735 will attract a long term sell order.
Trade Recommendations:
Wait and rebuy GBPUSD from 1.21885.
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.
