Wait | 08 January 2020

08 January 2020, GBP/USD

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Technical Observation

Just as in EURUSD, GBPUSD established a support around 1.30498, this acts as this week;'s lowest low and unless the price clearly breaks and closes below it, we choose to remain flat for sometimes, if the price breaks and closes below it, we will be looking for long term sell order towards 1.29944. A break below will push the price much lower towards 1.29049. And on the flip side, should the price break above 1.31947, then this will be a good place to consider a long term buy order.

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Imelda Maseno
Analyst of «FreshForex» company
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