Buy a rebound from within 1.28897-1.28693 with your target at 1.31725. | 02 November 2020

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.

Imelda Maseno
Analyst of «FreshForex» company
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