Wait for a sell from 1.2131700. | 04 November 2019
04 November 2019, GBP/USD
Technical Observation
On this chart, the main levels to focus on this month include 1.20480, 1.25310, 1.28033, 1.31704, 1.34531 and 1.39080. After establishing a swing low around 1.20480, GBPUSD pulled back to the upper side and is currently approaching the 50.0% fib level, a 50% retracement will give us an ideal place to look for a low risk sell order. However, should the price break above the 50.0% fib level, then this could push the price to the upperside towards 61.89% fib level or even higher but should not go above 1.36200.
Trade Recommendations:
Wait for a sell from 1.2131700.
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.
