Sell a break below 1.20219

14 August 2019, GBP/USD

Sell a break below 1.20219

Technical Observation

GBPUSD is currently trading within the daily low, 1.20219 and the 76.4 % fib level. Today and possibly in the next few days, I expect GBPUSD to remain within a range not going above 1.21072 and 1.20219. A bounce from 1.21072 will mean looking for a sell order while a bounce from 1.20219 will mean looking for buy order. And should price break below 1.20219, then this will be a good place to look for long term sell orders with good take profit levels set at 1.20030 and 1.19 respectively.

Trade Signal.

Sell a break below 1.20219

Imelda Maseno
Analyst of «FreshForex» company
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