24 September 2019, GBP/USD
Technical Observation
In the previous few hours, GBPUSD went below the 38.2 fib level, 1.24482 and is still rallying below this fib level. While the price remains below the 38.2 fib level, we're waiting for a possible ratracem,ent back to this level to pick a long term sell order towards the 50.0 % fib level, 1.24071. A breakout below this target could see the price continue to plummet but should not go below the 61.8% fib level. On this chart, the levels we are looking for include 1.23151,1.23660,1.24071 and 1.246.
Trade Recommendations:
Resell GBPUSD from around 1.246
TRADE METALS WITHOUT SWAPS!