Sell GBPUSD with your take profit at 1.27. | 20 December 2019
20 December 2019, GBP/USD
Technical Observation
According to the chart attached, GBPUSD declined steeply and even went below the 50.0% fib level, this is in line with what we forecasted few days ago, now that the price is below 76.4% fib level, I expect further momentum to the lower side and should break below 1.2895 or even lower. On its way downwards, the key levels to look for include 1.2865, 1.27654 and 1.26414. On the upper side, if the price breaks and closes above 1.3514, then I expect a momentum even higher.
Trade Recommendations:
Sell GBPUSD with your take profit at 1.27.
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.
