We're bullish towards 1.3290 | 18 September 2020

18 September 2020, GBP/USD

We're bullish towards 1.3290

Technical observation

GBP is rallying upwards above a supportive zone 1.2781-1.2753 and I expect this upwards movement to continue to the resistance line 1.3290. If you bought this pair within the above-mentioned supportive zone after a bounce, hold on to that position with your take profit at 1.3290 and stop loss at 1.2550. On the chart above, as long as price is contained above the supportive zone 1.2781-1.2753, only bullish movements look ideal and can be advisable, however, this pair could still break below the same supportive zone with a big red candle for a possible surge of price to the lower side towards 1.2215.

Trade recommendation

Remain long with your take profit at 1.3290.

Imelda Maseno
Analyst of «FreshForex» company
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