12 Desember 2019, GBP/USD
Technical Observation
Just as in EURUSD, GBPUSD bounced off from the dynamic supportive moving average and even went above the previous day's highest high. Following this breakout, we expect further momentum to the upper side. While the price remains above 1.3210, we're looking for possible long term buy orders with ultimate target at 1.335 and could continue even higher. But in case the price breaks below the same moving average, then we're going to pick a possible sell order towards 1.2989.
Trade Recommendations:
Remain long.