Expect a possible rally even lower towards 1.29049. | 03 Januari 2020

03 Januari 2020, GBP/USD

Expect a possible rally even lower towards 1.29049.

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.

Imelda Maseno
Analyst of «FreshForex» company
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