GBP/USD: Trade ideas for September 11

   Felipe Erazo

The GBPUSD is trying to form a bullish pattern above the support level of 1.6196, where is located the 50.0 Fibo retracement level, in addition to the resistance level of 1.6230 is very strong.

However, the GBPUSD could fill the bearish gap where is located the 200 EMA (Green line). If the GBPUSD enhance a pullback at current levels, the next target would be the support level of 1.6052. The RSI indicator stays in positive territory.

Trading recommendations: Place sell orders at current levels with take profit at 1.6052, with stop loss at 1.6240.

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