GBPUSD,D1 Chart Discussion
AmContent
Dec 20, 2019 at 05:49
GBPUSD, December 20, 2019
The GBPUSD has given some of its recent gains and retraced from @1.3514 resistance zone. The sell-off impetus has eased at @1.3000 essential support. Therefore, the bulls are optimistic about the price to surge and to touch or break the @1.3514 milestone.
In a technical standpoint, the market remains bullish as far as it afloat above the technical and psychological support at @1.3000. In case of a break below @1.3000, pound sterling might dwindle as low as level %50 of Fibonacci retracement near @1.2736.
The GBPUSD has given some of its recent gains and retraced from @1.3514 resistance zone. The sell-off impetus has eased at @1.3000 essential support. Therefore, the bulls are optimistic about the price to surge and to touch or break the @1.3514 milestone.
In a technical standpoint, the market remains bullish as far as it afloat above the technical and psychological support at @1.3000. In case of a break below @1.3000, pound sterling might dwindle as low as level %50 of Fibonacci retracement near @1.2736.
