Sell GBPUSD with your take profit at 1.27170. | 26 November 2019
26 November 2019, GBP/USD
Technical Observation
GBPUSD is in an active downtrend. We went short following the bounce from the upper trend line and is still holding, our expectation is that the price should continue to the lower side but shouyld not go below the supportive trend;line. If you are looking at this chart at the moment, hold onto a seller perspective up to the lower trend line. On its way downwards, the key levels to look for include 1.26295, 1.25420, 1.22820 and 1.20195. If [rice breaks below these levels including the last line, then a momentum even lower is expected.
Trade Recommendations:
Sell GBPUSD with your take profit at 1.27170.
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.
