GBPUSD Daily Analysis 31.12.2018

FX:GBPUSD   British Pound / U.S. Dollar
Hello Traders,
GBPUSD had a very strong bull run and our Analysis to go short was proven wrong.

Now we'd like to enter on this strong uptrend, however, price is in a very strong over-bought state as indicated by our RSI . We would like price to retrace into our buy zone so that we can get a good price level to go long.

Possible retracement levels are 1.27650 or 1.27400.

I wish you all a happy New Year.


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