sell positions from 1.21420 with your first take profit at 1.19360. | 04 September 2019

04 September 2019, GBP/USD

Look for low risk sell positions from 1.21420 with your first take profit at 1.19360.

Technical Observation

The daily candle for Tuesday signals that the price could be heading to the upperside. But the overall trend on this pair is bearish. While the price is contained below the Alligator indicator attached, I'm expecting further momentum further to the lowerside towards 1.19360. On its way to the lowerside, The key lines to look for on this pair include 1.20740, 1.20040 and 1.19360. A break below 1.19360 may push the price even further to the lowerside with an ultimate target around 1.18 or even lower.

Trade Recommendations:

sell positions from 1.21420 with your first take profit at 1.19360.

Imelda Maseno
Analyst of «FreshForex» company
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