27 December 2019, GBP/USD
Technical Observation
After a failed attempt to break below 1.29777, GBPUSD pulled back to the upper side and is now above 1.29777, This is not the best time to pick a buy on this pair, rather, we should wait for a pullback to the upper side especially towards the 50.0% fib level to pick a sell. If the price again goes below 1.29777, then this will give us the best place to pick a sell order. On this chart, the key levels to look for include 1.29777, 1.31043, 1.31827, 1.32460 and 1.33093, if the price reaches any of this trades, we will be looking for a trade.
Trade Recommendations:
Wait