Rebuy GBPUSD from 1.23870. | 17 September 2019

17 September 2019, GBP/USD

Rebuy GBPUSD from 1.23870.

Technical Observation

Yesterday, GBPUSD retraced back to the lowerside but failed to break below 1.23870, we're waiting for a perfect pullback towards this line to pick a low risk buy with our stop loss below 1.22725. On this chart, the only key lines to look for include 1.23870, 1.22529-1.22340, if the price approaches any of these lines then that will act either as a good buy in case the price bounces off of it, or in case the price breaks below it, then that will be a good place to look for sell orders towards 1.22529.

Trade Recommendations:

Rebuy GBPUSD from 1.23870.

Imelda Maseno
Analyst of «FreshForex» company
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