14 Agustus 2019, GBP/USD
Technical Observation
GBPUSD is currently trading within the daily low, 1.20219 and the 76.4 % fib level. Today and possibly in the next few days, I expect GBPUSD to remain within a range not going above 1.21072 and 1.20219. A bounce from 1.21072 will mean looking for a sell order while a bounce from 1.20219 will mean looking for buy order. And should price break below 1.20219, then this will be a good place to look for long term sell orders with good take profit levels set at 1.20030 and 1.19 respectively.
Trade Signal.
Sell a break below 1.20219