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Buy GBPUSD with your first take profit at 1.26945.

Buy GBPUSD with your first take profit at 1.26945. | 15 October 2019

15 October 2019, GBP/USD

Buy GBPUSD with your first take profit at 1.26945.

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.

Imelda Maseno
Analyst of «FreshForex» company
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