Rebuy GBPUSD from 1.23870. | 16 September 2019
16 September 2019, GBP/USD
Technical Observation
last week on Friday, GBPUSD rose tremendously and even went above 1.23870. While the price is contained above 1.23870 and also above the three Moving averages acting as parts of the trend indicator, I expect a momentum towards 1.26354. On its way upwards, the key lines to look for include 1.25335, 1.25454, and 1.25541. The best way to trade this pair is to wait for a pullback towards 1.23870 to pick a low risk buy order towards 1.26445. A break below 1.23870 will push the price to the lowerside.
Trade Recommendations:
Rebuy GBPUSD from 1.23870.
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.
