08 октября 2019, GBP/USD
Technical Observation
yesterday, GBPUSD rallied to the lowerside and is now below the Friday's lowest low. I'm waiting for a clear breakout below 1.2275 to confirm that we're continuing to the lower side towards 1.2204. A break below this level will push the price even further to the lower side with an ultimate target at 1.21021. On this chart, a bounce from 1.2275, will mean we're looking for a low risk buy order with the first take profit at 1.2319, the next take profit at 1.2354 and the last take profit at 1.2389.
Trade Recommendations:
Buy a bounce from 1.2275.
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