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Buy GBPUSD with your take profit at 1.30050.

Buy GBPUSD with your take profit at 1.30050. | 01 November 2019

01 November 2019, GBP/USD

Buy GBPUSD with your take profit at 1.30050.

Technical Observation

After establishing a swing high around 1.301, GBPUSD retraced to the lowerside but only up to 23.6% fib level, this level is very significant and while the price remains above it, we expect a possible momentum to the upperside towards 1.30050 and could breakout even higher. On on the lower side,should price bounce off from 1.30050, then this will mean we are looking for a sell towards 23.6% fib level, a break below this fib level will mean we are continuing to the lowerside towards 50.0% fib level.

Trade Recommendations:

Buy GBPUSD with your take profit at 1.30050.

Imelda Maseno
Analyst of «FreshForex» company
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