02 November 2020, GBP/USD
Technical Observation
On this chart, we are looking at the zone 1.28693-1.28897. We are waiting for a bounce from this zone to pick low risk buy position with an ultimate target set around 1.31725. And in case the price breaks and closes below 1.28693, then this will be a good place to consider a possible long term sell position with an ultimate target set around 1.27633. A clear break and close below 1.27633 will mean we are continuing to the lowerside with an ultimate target set around 1.26991 or even lower.
Trade Recommendations
Buy a rebound from within 1.28897-1.28693 with your target at 1.31725.