Buy GBPUSD with your first take profit at 1.26945. | 15 October 2019
15 October 2019, GBP/USD
Technical Observation
Earlier today, the Green Moving Average went below the red Moving Average, this is a possible bullish dominance sign. And, while the price is contained above the two Simple Moving averages, I expect a possible momentum to the upperside. On this chart, GBPUSD is in an active up trend, therefore, I recommend looking for buy positions. On its way to the upperside, the key lines to look for include 1.26945, 1.27230 and 1.2864. If these levels are broken, then we'll expect a momentum towards 1.3021.
Trade Recommendations:
Buy GBPUSD with your first take profit at 1.26945.
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.
