27 November 2019, GBP/USD
Technical Observation
GBPUSD is currently consolidating within the range 1.2905 and 1.2820. While the price remains within this range, I'm only trading reversals, I'm waiting for a bounce 1.2820, to pick a buy and a bounce from 1.2985, and in case the price breaks and closes above 1.2985, then this will give us an ideal place to consider a long term buy towards 1.31 or even higher. And should the price close below 1.2820, then this will be a good place to consider a long term sell towards 1.2710 and the next target at 1.2490.
Trade Recommendations:
Buy a bounce from the 23.6% fib level with your take profit at 1.2985.