sell positions from 1.21420 with your first take profit at 1.19360. | 04 September 2019
04 September 2019, GBP/USD
Technical Observation
The daily candle for Tuesday signals that the price could be heading to the upperside. But the overall trend on this pair is bearish. While the price is contained below the Alligator indicator attached, I'm expecting further momentum further to the lowerside towards 1.19360. On its way to the lowerside, The key lines to look for on this pair include 1.20740, 1.20040 and 1.19360. A break below 1.19360 may push the price even further to the lowerside with an ultimate target around 1.18 or even lower.
Trade Recommendations:
sell positions from 1.21420 with your first take profit at 1.19360.
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.
