26 Agustus 2019, GBP/USD
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.