29 October 2019, GBP/USD
Technical Observation
Just as I stated yesterday, GBPUSD moved just slightly to our way but is still several pips away from our target, we expect a possible momentum towards 50.0% fib level and could breakout even lower. The idea is not to look for a sell now, rather, wait for a pullback towards 23.6% fib level, 1.28942 to pick a long term sell order towards 50.0% fib level. If you are looking at this chart at the moment, the best position is a sell. But hold onto a sellers perspective as long as the price has not reached 50.0% fib level.
Trade Recommendations:
Sell GBPUSD with your take profit at 1.27631.