Look for sell orders towards 1.22281. | 28 August 2019
28 August 2019, GBP/USD
Technical Observation
Yesterday, GBPUSD attempted a break above the daily high of 1.22940 but failed to close above it. Following the bounce from this level, I expect a possible rally to the lowerside towards the 50.0% fib level, 1.21544. A break below this level will push the price even lower. On its way downwards, the key levels I'm focusing on include 1.22281 and 1.21874. If these lines are broken, then a rally even lower is expected. On the bullish side, should price break above 1.22940, then this will be a place to look for buy orders.
Trade Recommendations:
Look for sell orders towards 1.22281.
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.
