Buy a bounce from 1.2275. | 08 October 2019
08 October 2019, GBP/USD
Technical Observation
yesterday, GBPUSD rallied to the lowerside and is now below the Friday's lowest low. I'm waiting for a clear breakout below 1.2275 to confirm that we're continuing to the lower side towards 1.2204. A break below this level will push the price even further to the lower side with an ultimate target at 1.21021. On this chart, a bounce from 1.2275, will mean we're looking for a low risk buy order with the first take profit at 1.2319, the next take profit at 1.2354 and the last take profit at 1.2389.
Trade Recommendations:
Buy a bounce from 1.2275.
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.
