Buy GBPUSD from 1.22010. | 10 October 2019
10 October 2019, GBP/USD
Technical Observation
On 9th of October, GBPUSD established a support around 1.22010. This is a key level and while the price is contained above it, I expect a possible momentum to the upperside. This bullish price rally is supported by the fact that the price is contained above the alligator trend indicator. If price break below this trend indicator, especially below the blue line, then this will mean we're possibly going to the lower side. A good confirmation that we're now sellers is if the price breaks below 1.22010.
Trade Recommendations:
Buy GBPUSD from 1.22010.
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.
