GBPUSD Daily Analysis 08.01.2019

FX:GBPUSD   British Pound / U.S. Dollar
Hello Traders,

GBPUSD has now shifted into a downtrend. Our MA indicator is above price as well.

Now we are testing the support at 1.27100. As we are in a downtrend, I expect price to break that level. Then this support might act as a resistance, leading price to our next support level at 1.26800.


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