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GBP/USD: trade idea for Sep. 24

   Felipe Erazo

GBP/USD consolidates above the $1.6380 support - this is the 500-hour MA. The next bullish target lies at $1.6418.

If the GBPUSD manages to make a break that level, the next target would be the resistance at $1.6458, then we expect a consolidation for the rest of the week. Furthermore, if the GBPUSD falls below the level of $1.6352, it is expected to fall to the level of $1.6306. The RSI remains in positive territory.

Trade recommendation: BUY at current levels, with take profit at 1.6459.

GBP
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