Buy a breakout above 1.30450. | 19 November 2019
19 November 2019, GBP/USD
Technical Observation
After breaking above 1.27276, GBPUSD continued to the upper side before pulling back to the same zone, the fact that this pair could not break below 1.27276 after breaking above it, is a clear sign that buyers are in control, this pair however, is currently approaching a key resistance level 1.29665, this is a key level and in case the price does not clear breakout and close above it, we choose to remain on the sidelines, our expectations is that the price should continue even higher after violating 1.30450 to the upperaside.
Trade Recommendations:
Buy a breakout above 1.30450.
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.
