Buy a break above the previous day;s highest high. | 02 January 2020
02 January 2020, GBP/USD
Technical Observation
Currently, GBPUSD is in an active up trend. While the price is contained above the trend Indicator attached, We are looking for long term buy orders towards 1.35675. And while the MACD columns are contained above 0.00, we are still massively to the upper side. If you are a bit skeptic to pick buy position now, you could wait for a break above the recent highest high to pick a long term buy position towards the next level. If the price breaks below the previous week's lowest low to pick a sell.
Trade Recommendations:
Buy a break above the previous day;s highest high.
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.
