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Wait for a sell from 1.2131700.

Wait for a sell from 1.2131700. | 04 Noviembre 2019

04 Noviembre 2019, GBP/USD

Technical Observation

On this chart, the main levels to focus on this month include 1.20480, 1.25310, 1.28033, 1.31704, 1.34531 and 1.39080. After establishing a swing low around 1.20480, GBPUSD pulled back to the upper side and is currently approaching the 50.0% fib level, a 50% retracement will give us an ideal place to look for a low risk sell order. However, should the price break above the 50.0% fib level, then this could push the price to the upperside towards 61.89% fib level or even higher but should not go above 1.36200.

Trade Recommendations:

Wait for a sell from 1.2131700.

Imelda Maseno
Analyst of «FreshForex» company
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