Expect a possible rally even lower towards 1.29049. | 03 January 2020
03 January 2020, GBP/USD
Technical Observation
GBPUSD corrected itself to the lower side and is currently approaching the fib level 61.8%/ I expect a steep bearish price rally and should break below 1.31025 towards 1.30270. If this level is broken, then we are still downwards towards 1.29049. On this chart, I expect further momentum even lower. But on the flip side, should the price break above 1.31635, then this will be further momentum to the upper side and should break above above 1.32245 towards 1.34221 or even higher towards 1.35130.
Trade Recommendations:
Expect a possible rally even lower towards 1.29049.
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.
