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GBPUSD

<img src="https://charts.mql5.com/24/144/gbpusd-h1-egm-securities-limited.png" width="717" height="553" alt="Chart GBPUSD, H1, 2020.04.06 17:39 UTC, EGM Securities Limited, MetaTrader 4, Demo" title="Chart GBPUSD, H1, 2020.04.06 17:39 UTC, EGM Securities Limited, MetaTrader 4, Demo">

GBPUSD is currently rallying around 1.22981. On the 1 Hour Chart , the previous  candle closed below the previous  52 Period Exponential Moving Average. 
 This is a possible Indication that we are in an active Down trend  . GBPUSD is currently in a range, not going above the previous day's highest high 1.24721,or the previous day's lowest low 1.22412. If the price breaks above 1.24721 then we will consider a long term buy with our target at 1.21744.  And on the flipside, a sustained move below 1.24721 will  attract sellers with an ideal target around 1.14087

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