GBPUSD analysis 20.12.2019

Price pivot zone 1.3007 holds back sellers. The overall trend is upward, and Stochastic Oscillator indicates oversoldness.

Trading recommendations:

Buy strictly while an ascending pattern is forming, where wave (A) breaks through the inclined channel of the descending pattern (presumably acorrection).

Stop Loss at a local minimum.

Target levels - 1.3220; 1.3507 (1.3500).