Wait for a retracement back towards the 50.0% fib level to sell GBPUSD. | 30 September 2019
30 September 2019, GBP/USD
Technical Observation
This week, I expect GBPUSD to either break below the daily low of 1.22701 or it should remain within a range, not going below 1.22701 or above 1.25813. On this chart, I'm looking at the following levels 1.23435, 76.4% fib level, 61.8 % fib level, 1.23890 and 50.0% fib level, 1.24237. Anytime the price approaches any of these levels than that will give us a good place to trade from. Basically, I'm waiting for a retracement that should not rise above the 50.% fib level, or 1.24257.
Trade Recommendations:
Wait for a retracement back towards the 50.0% fib level to sell GBPUSD.
TRADE METALS WITHOUT SWAPS!The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
