20 November 2019, GBP/USD
Technical Observation
Yesterday, we expected a momentum towards the swing high 1.30035, unfortunately, we could not reach this level, the pair rallied steeply to the lower side and could not break above the swing high 1.30025. Holding any position on this pair as we are speaking is a bit risky, however, in case the price breaks above 1.30035 or in case it bounces off from 23.6% fib level, then this will give us the best places to look for long term buy orders with an ultimate target at 1.312 or even higher. A break below 23.6% fib level may push the price even lower.
Trade Recommendations:
Wait for a rebuy from 23.6% fib level.