Buy a breakout above 1.30450. | 19 November 2019

19 November 2019, GBP/USD

Buy a breakout above 1.30450.

Technical Observation

After breaking above 1.27276, GBPUSD continued to the upper side before pulling back to the same zone, the fact that this pair could not break below 1.27276 after breaking above it, is a clear sign that buyers are in control, this pair however, is currently approaching a key resistance level 1.29665, this is a key level and in case the price does not clear breakout and close above it, we choose to remain on the sidelines, our expectations is that the price should continue even higher after violating 1.30450 to the upperaside.

Trade Recommendations:

Buy a breakout above 1.30450.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.