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Wait for a buy from around 1.26696.

Wait for a buy from around 1.26696. | 13 November 2019

13 November 2019, GBP/USD

Wait for a buy from around 1.26696.

Technical Observation

After spiking above the level 1.26690, GBPUSD continued to the upper side but is currently showing signs of pulling back to the lower side, we expect possible retracement back towards the 50.0% fib level to pick a long term buy order towards 1.33037. On its way to the upperside, the key lines to look for include 1.28484, 1.30735 and 1.32715. And should the price break and close below 1.26696, then we expect further momentum to the lowerside with the next ideal take profit at 1.24850.

Trade Recommendations:

Wait for a buy from around 1.26696.

TRADE FUEL WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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