Buy a bounce from 1.21217. | 30 August 2019
30 August 2019, GBP/USD
Technical Observation
GBPUSD continues to pullback to the lowerside but is still above a key level 1.21653-1.21217. This is a key zone and while the price is above it, I'm waiting for a pullback towards it to pick a low risk buy order towards 1.21011. On its way to the upperside, the key lines to look for include 1.23130, and 1.23760. Should price breakout above 1.24011, then this will be a good place to look for long term buy orders towards 1.27510. And in case of a break below 1.21217, then this will mean we're continuing to the lowerside towards 1.19995.
Trade Recommendations:
Buy a bounce from 1.21217.
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.
