Wait for a posible buy from 50.0% fib level. | 14 Octubre 2019

14 Octubre 2019, GBP/USD

Wait for a posible buy from 50.0% fib level.

Techhnical Observation

Just as in EURUSD, GBPUSD is in a temporary up trend. Following the establishment of the daily high around 1.2706, we expect the current movements to the lowerside to be a mere retracement rally but should not go beyond 50.0 % fib level 1.2450. If you're not in any position at the moment, you can wait for a break below 1.2585 to pick a low risk sell towards 50.0% fib level, alternatively, you could wait for a bounce from the 50.0% fib level to pick a long term buy order towards 1.2706.

Trade Recomendations:

Wait for a possible buy from 50.0% fib level.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.