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Sell GBPUSD with your take profit at 1.2916.

Sell GBPUSD with your take profit at 1.2916. | 07 January 2020

07 January 2020, GBP/USD

Sell GBPUSD with your take profit at 1.2916.

Technical Observation

So far, the price is held below 1.3092, while this is true, that the price is below 1.3092, we expect a possible momentum to the lower side. This bearish price rally is supported by the fact that the Indicator Alligator is above the price and is a possible sign that we are continuing top the lower side. This bearish price rally is supported by fact that the the ADX indicator is bearish, with its main handle being above 25. I recommend looking for long term sell orders towards 1.3030 and could continue even lower towards 1.2916.

Trade Recommendations:

Sell GBPUSD with your take profit at 1.2916.

Imelda Maseno
Analyst of «FreshForex» company
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