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18.11.201916:32 Forex Analysis & Reviews: GBP/USD 11.18.2019 - Second target at the price of 1.2972 reached, critical decision level on the test

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GBP did exactly what I expected last week. The price did reach our second upward target at the price of 1.2972, which is very important decision pivot. The area from 1.2972-1.009 is critical for the further development of GBP. Watch for reaction around this critical zone to confirm further direction.

To open long position:

I would like to see the breakout of resistance 1.3009 on high momentum in order to confirm potential test of 1.3165.

To open short positions:

Watch for any topping formation near the important resistance around 1.3000. Downside potential is test of 1.2802

RSI oscillator looks overbought, which adds more risk to the upside.

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