GBPUSD January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 13:19
Point Trader Group
GBPUSD January, 27 2020

Overview:

The pair is trading in a neutral zone as it appears on the chart above, and accordingly we will wait for the pair until it reaches the limit mentioned areas in the following scenarios

Expected:

The arrival of the pair to the bullish trend line and the emergence of positive signals above this level may push the pair to rise to 1.3280

Alternative Scenario:

Breaching the 1.2950 level downwards in line with the bullish trend line might push the pair down to 1.2800

 

Resistance1.32801.33001.3350
Support1.29501.29001.2800

 


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