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GBPUSD analysis 05.11.2020

GBPUSD

The descending M30 level pattern is truncated. A bullish divergence has formed on Awesome Oscillator, while a Stochastic Oscillator signals an oversold condition. A breakout of the round secondary level of 1.2980 will result in the formation of an ascending wave pattern.

#GBPUSD rate online: monitor the price movement in real time.

Trading recommendations:

Buy above 1.2980.

Stop Loss: 1.2912.

Target levels: 1.3049; 1.3130.

Author: admin
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