Wait for a rebuy from 50.0% fib level. | 14 November 2019
14 November 2019, GBP/USD
Technical Observation
GBPUSD continues to pullback to the lower side but is still several points above the 50.0% fib level. While the price remains below the 61.8% fib level, I expect a possible momentum even lower but should not go beyond the 50.0% fib level. A break and a close below the 50.0% fib level will mean we are continuing to the lowerside towards 38.2% fib lebel. And a bounce from around 1.26696 will mean we are heading to the upperside with an ideal take profit at 1.28484, a break higher will mean we are continuing long towards 1.33017.
Trade Recommendations:
Wait for a rebuy from 50.0% fib level.
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.
