23 Agustus 2019, GBP/USD
Technical Observation
On the chart, the key zone to look for is 1.22185-1.21885, this is a key turn coat support and while the price is contained above it, we expect a momentum to the upperside. Following the rise above 1.22185, we're waiting for retracement back to the same level to pick a long term buy position with our take profit at 1.22785. A break above this take profit will mean we're continuing to the upperside with next ideal take profit at 1.254654. On this chart, only a break below 1.21735 will attract a long term sell order.
Trade Recommendations:
Wait and rebuy GBPUSD from 1.21885.