The GBPUSD continues to decline – Analysis - 14-01-2020

2020-01-14 05:34:50 GMT (

The GBPUSD pair settles below 1.3000 barrier, to keep the bearish trend active, reminding you that our main waited target is located at 1.2920.


We should note that surpassing the mentioned target will extend the correctional bearish wave to target 1.2736 level as a next main station, while the expected decline will remain valid unless the price rallied to breach 1.3150 level and hold above it.


The expected trading range for today is between 1.2900 support and 1.3060 resistance.


The expected trend for today: Bearish

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