Wait | 11 Desember 2019

11 Desember 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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Imelda Maseno
Analyst of «FreshForex» company
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