Wait | 11 December 2019

11 December 2019, GBP/USD

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Technical Observation

GBPUSD is currently in an active up trend. While the price is contained above the Moving Average attached, I expect further momentum to the upper side and we should see a break above the previous days highest high towards 1.335. The current rally to the lower side is a short term corrective wave count and could see the price rally even lower but should not go beyond 1.2989-1.2961. On its way downwards, the key lines to look for include 1.3105, 1.3070, and 1.3025. If these levels are broken especially 1.2961, this will give us good place to pick a long term sell from.

Trade Recommendations:

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Imelda Maseno
Analyst of «FreshForex» company
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