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Wait for a rebuy from 50.0% fib level.

Wait for a rebuy from 50.0% fib level. | 14 Noviembre 2019

14 Noviembre 2019, GBP/USD

Technical Observation

GBPUSD continues to pullback to the lower side but is still several points above the 50.0% fib level. While the price remains below the 61.8% fib level, I expect a possible momentum even lower but should not go beyond the 50.0% fib level. A break and a close below the 50.0% fib level will mean we are continuing to the lowerside towards 38.2% fib lebel. And a bounce from around 1.26696 will mean we are heading to the upperside with an ideal take profit at 1.28484, a break higher will mean we are continuing long towards 1.33017.

Trade Recommendations:

Wait for a rebuy from 50.0% fib level.

TRADE FUEL WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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