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Resell GBPUSD from 1.24482 with your first take profit at 1.24071.

Resell GBPUSD from 1.24482 with your first take profit at 1.24071. | 25 September 2019

25 September 2019, GBP/USD

Resell GBPUSD from 1.24482 with your first take profit at 1.24071.

Technical Observation

In the last hour, GBPUSD went below the 38.2 fib level and is still below this level. While the price is contained below this line, I'm expecting a decline towards the 50.0% fib level, 1.24071. On the hourly chart attached, I'm waiting for a retracement back towards the 38.2% fib level to pick a low risk sell order towards the next level. And in case the price breaks below 1.24071, then this will mean we're continuing to the lowerside with the next ideal take profit being around 61.8 % fib level or 1.23660.

Trade Recommendations:

Resell GBPUSD from 1.24482 with your first take profit at 1.24071.

TRADE METALS WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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