Rebuy GBPUSD from 1.22961 towards 1.254.

11 September 2019, GBP/USD

Rebuy GBPUSD from 1.22961 towards 1.254.

Technical Observation

GBPUSD is currently in an active up trend. While the price is contained above the two moving averages and also above 1.22961-1.22828, I'm expecting a possible momentum towards 1.23845. And should price breakout above this level, then further momentum towards 1.24541 is expected. On its way upwards,the key lines to look for include 1.23945, 1.2400 and 1.24100. A break above these could push the price even higher towards 1.25. And on the other side, a break below 1.22828 will push the price lower.

Trade Recommendations:

Rebuy GBPUSD from 1.22961 towards 1.254.

Imelda Maseno
Analyst of «FreshForex» company
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