Sell GBPUSD with your take profit at 1.27631. | 29 October 2019
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.
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.
