Wait for a pullback to pick a low risk buy from around 1.2976. | 05 December 2019

Technical Observation

yesterday, GBPUSD rallied intensely to the uperside and even went above the level 1.2976. The fact that the price successfully closed above this level is a clear sign that we are now buyers. My recommendations is not that we should pick a buy now, rather, wait for a pullback towards the just broken level 1.2976 to pick a long term buy order. And on the other side,should the price break and close below 1.2976, then this will bean ideal place to consider a possible long term sell order which must first break below the daily support 1.2760.

Trade Recommendations::

Wait for a pullback to pick a low risk buy from around 1.2976.