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Buy GBPUSD with your take profit at 1.2990.

Buy GBPUSD with your take profit at 1.2990. | 21 November 2019

21 November 2019, GBP/USD

Technical Observation

Currently, GBPUSD is in an active up trend. While the price is being held above the three simple moving averages I above I expect further momentum to the upper side and should break above the swing high established at 1.2990. On this charts buy positions looks ideal and can be recommended towards the swing high. However, on the other side, should the price continue to and break below the 23.6% fib level, then I would expect further momentum to the lower side with the next ideal take profit at 50.0% fib level.

Trade Recommendations:

Buy GBPUSD with your take profit at 1.2990.

TRADE FUEL WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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