Wait | 08 January 2020
08 January 2020, GBP/USD
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.
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.
