Have a pending sell limit order around 61.8& fib level. | 09 January 2020
09 January 2020, GBP/USD
Technical Observation
GBPUSD is consolidating, there are no clear sell or buy signals. Few days ago, GBPUSD established a swing low around 1.30565 and few days earlier, we had a swing high around 1.32830. If the price can break below the swing low then we expect a possible momentum towards 1.30110 or above the swing high then we will expect a possible momentum to the upper side towards 1.331 and could extend much higher. As it is now, we are waiting for a possible rally towards 61.8% fib level to pick a sell.
Trade Recommendations:
Have a pending sell limit order around 61.8& 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.
