Remain long with your take profit at 1.3000. | 31 October 2019
31 October 2019, GBP/USD
Technical Observation
After establishing a resistance around 1.3000, GBPUSD retraced back to the lowerside but could not go below the 23.6% fib level. We went long following the bounce from the 23.6% fib level and is still holding, we expect the price to continue to the upperside and should head straight towards 1.3000. If this swing high is broken, then we expect a possible momentum to the upperside with an ideal take profit at 1.32451. But on the other side, should the price break below the 23.6% fib line, then we expect a sell towards 38.2% Fib level.
Trade Recommendations:
Remain long with your take profit at 1.3000.
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.
