GBPUSD Daily Forecast Jan 20 2020

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GBPUSD: Bearish With Risk To 1.2925 Levels…

As long as 1.3117 resistance holds on a daily closing basis. The GBPUSD remains on the downside to 1.2925 levels. A halt is likely, it may test the 1.3004 level before attempts to break lower. Anyway; Below 1.2925 aims the 1.2830 levels, further down, support comes in the 1.2725 level.

On the upside, resistance comes at 1.3004 level ahead of 1.3117 level (main). Above 1.3117 sees recovery threats to 1.3230/1.3283 levels.

In conclusion: The GBPUSD sees downside threats below 1.3117 levels…

Support: 1.2925, 1.2830, 1.2725, 1.2650

Resistance: 1.3004, 1.3117, 1.3230, 1.3283

GBPUSD Daily Forecast Jan 20 2020

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