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Remain long towards 1.30171.

Remain long towards 1.30171. | 25 February 2020

25 February 2020, GBP/USD

Technical Observation

Few days ago, GBPUSD established a daily low around 1.28487, and has currently retraced almost to the 38.2% fib level, 1.29849. Currently the price is at 1.29401, while it remains above the alligator indicator and also above 1.29329, we expect a possible momentum to the upper side and should break above 1.29589 towards 1.29849. This view will only be invalidated in case the price break below 1.29007, if this is the case, then a possible momentum towards the daily low 1.28487 is expected.

Trade Recommendations:

Remain long towards 1.30171.

Imelda Maseno
Analyst of «FreshForex» company
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