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Buy GBPUSD with your take profit at 1.2542.

Buy GBPUSD with your take profit at 1.2542. | 13 September 2019

13 September 2019, GBP/USD

Buy GBPUSD with your take profit at 1.2542.

Technical Observation

Yesterday, GBPUSD rallied intensely to the bulls side and even went above the upper trendline serving as the resistance to to the bearish channel marked above. While the price is contained above this channel formation, I'm looking for long term buy orders towards 1.2542. On its way to the upperside, the key lines to look for include 1.124235, 1.24354 and 1.2542. A break above these levels could push the price even further upwards towards 1.26456. On This chart, only buy positions looks ideal.

Trade Recommendations:

Buy GBPUSD with your take profit at 1.2542.

Imelda Maseno
Analyst of «FreshForex» company
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