Remain long towards 1.33472. | 21 August 2020
21 August 2020, GBP/USD
Technical Observation
GBPUSD is currently rallying around 1.3077. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . According to the weekly charts, we are approaching a significant weekly resistance level set at 1.33475. This will give us a good sell place. While we continue to see a sustained move above the previous week's highest high we expect a surge much high with an Ideal Target at 1.33472. At this point, buy Positions looks ideal and can be recommended with an ideal take profit 1.33472.
Trade Recommendations:
Remain long towards 1.33472.
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.
