We’re buyers with our take profit at 1.34. | 21 October 2019
21 October 2019, GBP/USD
Technical Observation:
Just as EURUSD, GBPUSD rose tremendously last week and is still showing signs of rising even further. While the price is contained above the trend indicator attached, we expect further momentum to the upperside with the next ideal target being 1.341. On its way upwards, the best places to look for possible reversals include 1.3000, 1.3142 and 1.32141. If these levels are broken, then a move towards the target mentioned above is likely.
Trade Recommendations:
We’re buyers with our take profit at 1.34.
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.
