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Sell a break below 1.22701.

Sell a break below 1.22701. | 03 October 2019

03 October 2019, GBP/USD

Sell a break below 1.22701.

Technical Observation

For the better parts of yesterday, GBPUSD remained within range, not going above 76.4% fib level, 1.23435. While the price remains below 76.4% fib level, we're still in an active downtrend. Today and possibly the entire week, I expect a further decline and should break below the Daily low 1.22701 towards 1.22150. And on the other side, should the price break above 1.23435, then this will mean we're continuing to the upperside and could push the price up to the 50.0% fib level or even higher.

Trade Recommendations:

Sell a break below 1.22701.

TRADE METALS WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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