Rebuy GBPUSD from 1.21575 towards 1.23170. | 26 Agustus 2019

26 Agustus 2019, GBP/USD

Rebuy GBPUSD from 1.21575 towards 1.23170.

Technical Observation

As we said in our previous forecast, GBPUSD failed to break below the turncoat support zone 1.21735-1.22210 and is still rallying above this zone. This is a good buy zone and while the price is contained above it, we're expecting a rally further to the upperside towards 1.22010. If you're not already in a buy position, you could place a pending buy position in between, 1.21735-1.22210 with your stop loss below 1.21735 take profit at 1.23170. This view can only be revisited in case the price breaks and closes below 1.21735.

Trade Recommendations:

Rebuy GBPUSD from 1.21575 towards 1.23170.

Imelda Maseno
Analyst of «FreshForex» company
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