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Wait for a possible bounce from the daily higher 1.2984 to pick a sell.

Wait for a possible bounce from the daily higher 1.2984 to pick a sell. | 28 November 2019

28 November 2019, GBP/USD

Wait for a possible bounce from the daily higher 1.2984 to pick a sell.

Technical Observation

According to the MACD Oscillator attached, GBPUSD is in an active up trend. While the Columns of MACD remains above the level 0.0 and the Signal line above the 0.0, I expect further momentum even higher. On its way to the upper side, we're expecting a possible break above the level 1.2937 and could continue even higher towards 1.2984. If the price successfully goes above the daily higher, then we will be looking for a possible long term buy with an ideal take profit at 1.3012 and could continue even higher.

Trade Recommendations:

Wait for a possible bounce from the daily higher 1.2984 to pick a sell.

Imelda Maseno
Analyst of «FreshForex» company
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