GBPUSD 20/05/2019
GBPUSD is still stuck in the support area, intraday bias is still bearish.
For alternative GBPUSD trading strategies based on forex technical analysis today we can look for sell signal confirmation if there is a correction to the area of 1.27702-1.28013. The target potential is up to the range 1.27509-1.27197. A bullish opportunity will appear if the price breaks above 1.28013, with the potential for sterling strengthening to the range 1.28206-1.28518. If you want to open a buy position, make sure the breakout is valid.