FX:GBPUSD   British Pound / U.S. Dollar
In yesterday's analysis, I expected a strong bearish reversal on GU as price tried to takeover previous high at 1.37 but failed multiple times, followed by bearish rotation towards the downside giving me more confidence to capitalize on buyers' weakness, which was exactly what the market performed. Currently will be looking for a simple re-test of 1.3613 minor resistance zone with 1.3549 support zone as the initial target, If we notice increased selling pressure, will be extending the target towards 1.3470 key support zone . However, do not forget the overall trend on the higher timeframe remains bullish .

Will keep it updated tomorrow during the Asia session. Trade safe.

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Comment: Previous analysis

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Comments

good analysis , i will wait for your update during Asia session .
+1 Reply
TraderNeoh amufiuk
@amufiuk, Cheers.
Reply
Will keep it updated on Monday (18th Jan) during the Asia session*.
+1 Reply
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