Wait for a sell from around 50.0% fib level towads 1.26940. | 06 Octubre 2020

06 Octubre 2020, GBP/USD

Wait for a sell from around 50.0% fib level towads 1.26940.

Technical Observation

So sometimes now, the British pound continues to rally to the upper side after establishing a swing low around 1.26940. As it is now, I am looking at two levels, the zone 1.302777-1.30016 and the 50.0% fib level, if the price fails to break above the 50.0% fib level, then this will be a good place to consider a possible long term sell position towards 1.26940. A break above 50.0% fib level may push the price much higher with the next idea target set around 1.34600 and may extend much higher towards 1.364.

Trade Recommendations:

Wait for a sell from around 50.0% fib level towards 1.26940.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus