Sell GBPUSD from 1.29850 with your target at 1.28276. | 05 October 2020
05 October 2020, GBP/USD
Technical Observation
GBPUSD is currently rallying around 1.29352. While the price remains above this zone, we expect nothing but a possible momentum to the upperside. We're waiting for a breakout above below the recent shape to pick a trade. On this upperside. A bounce from the upper trendline will mean we are looking for a sell position with our target set around 1.28276-1.28161. A breakout below this level will push the price much lower with an ultimate target set at 1.26954 and may extend much lower towards 1.26615.
Trade Recommendations"
Sell GBPUSD from 1.29850 with your target at 1.28276.
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.
