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GOLDFXCC
Aug 18, 2019 12:47 PM

GBPUSD 1D - 1W Long

British Pound/U.S. DollarFXCM

Description

- GBPUSD 1D - 1W price forming a bullish weekly close near the key demand zone.
This could make a fresh push up to 1.2400 level.
- Daily we could expect some pullback to 1.21090 then up.
- CoT reports show the non-commercials reducing their short positions significantly highlighting a reversal is likely.

Regards, GoldfXcc Team
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