28 Agustus 2019, GBP/USD
Technical Observation
Yesterday, GBPUSD attempted a break above the daily high of 1.22940 but failed to close above it. Following the bounce from this level, I expect a possible rally to the lowerside towards the 50.0% fib level, 1.21544. A break below this level will push the price even lower. On its way downwards, the key levels I'm focusing on include 1.22281 and 1.21874. If these lines are broken, then a rally even lower is expected. On the bullish side, should price break above 1.22940, then this will be a place to look for buy orders.
Trade Recommendations:
Look for sell orders towards 1.22281.