Sell GBPUSD towards 1.20790. | 24 December 2019

24 December 2019, GBP/USD

Technical Observation

Yesterday, GBPUSD rallied to the lowerside and even went below the dynamic support Moving average, while the price is below this Moving Average, I expect further momentum to the lower side and should break below 1.28230 towards 1.25750. As it on the daily chart attached, the Indicator on our screen MACD columns has been decreasing towards 0.0, if the columns of macd can begin appearing below 0.0, then this will be a good confirmation that we are continuing to the lower side towards 1.20790.

Trade Recommendations:

Sell GBPUSD towards 1.20790.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus