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Wait | 10 January 2020

10 January 2020, GBP/USD

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Technical Observation

Just as mentioned yesterday gbp, corrected itself the lowerside but then it could not go beyond 1.30168, as long as the price remains above this zone, we do expect a possible bounce from the same level to pick a long-term buy contract with our target at 1.30570 the anticipated bullish pressure is the continuation of The Impulsive wave (v) and could see the price continue much higher up to around 1.4100, if you're not in a position right now, wait for either a bounce from 1.89869, so that you can enter a buy, or a break below 12986 so that you can pick a long-term sell up to the next level which is 1.2640.

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Bob Stan
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