23 September 2019, GBP/USD
Technical Observation
GBPUSD is currently trading within rising channel formation. While the price is contained within this shape formation, I'm expecting further momentum to the upperside. According to the hourly chart, We're in an active up trend. and if the price can bounce off from the lower trendline then this will be a good place to look for a buy order towards 1.25780. On its way upwards, the key lines to look for include 1.25245, 1.25600 and 1.25780. And on the other side, in case the price breaks below the immediate trendline then this will be a good sell place.
Trade Recommendations:
Buy GBPUSD with your take profit at 1.25780.