Buy GBPUSD with your take profit at 1.32. | 06 December 2019
06 December 2019, GBP/USD
Technical observation
GBPUSD is in an active up trend. While the TDI lines are above the level 68, this is a possible overbought scenario, we;re waiting for a possible sell sign. While the price is held above 1.3146, I expect further momentum to the upperside towards 1.32. But in case the price breaks and closes below 1.3146, then I expect a possible momentum to the lowerside towards 1.2984. On its way to the lowerside, the key lines to look for include 1.3084, 1.3028, if these lines are broken, then a possible momentum towards 1.2984 is expected.
Trade Recommendations:
Buy GBPUSD with your take profit at 1.32.
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.
