FX.co ★ GBP/USD 11.25.2019 - Watch for breakout of the well defined balance

GBP/USD has been upwards today but still within the context of the larger balance area between the price of 1.3000 (resistance) and 1.2770 (support). Watch for breakout to confirm further direction.

MACD oscillator is showing negative reading below the zero and the slow line is on the downside but overall the balance is my full focus.

To open long positions you need:

Watch for breakout of 1.3000 and potential target at 1.3169

To open short positions you need:

Watch for breakout of the support at 1.2771 and target at the price of 1.2580.