Buy a break above 1.25140. | 19 September 2019
19 September 2019, GBP/USD
Technical Observation
GBPUSD is in an active up trend on the daily chart. But on the 4 hours chart attached, GBPUSD is trading within a possible wedge formation. This shape formation is a possible sign that we're continuing to the upperside or a sign that there's a reversal coming up. On this chart, I'm looking at the following levels for a possible trade 1.22880, 1.19940, 1.21360 and 1.25140. If the price breaks above 1.25140, then this will be a good place to continue looking for buy orders towards 1.2645.
Trade Recommendations:
Buy a break above 1.25140.
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.
