GBPUSD analysis 02.10.2020
The currency pair is trading in the range of 365 and 135 moving averages. The inclined channel of the ascending truncated pattern is broken. Presumably, a descending wave pattern is being formed within the general downtrend.
GBPUSD rate online: monitor the price movement.
Trading recommendations:
Sell on the breakout of 1.2835 (when a descending pattern is formed).
Stop Loss: 1.2978.
Target levels: 1.2690; 1.2500.
