GBPUSD Technical Analysis 19-01-18

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The British Pound managed to hold trades above the 1.3725 support where the market managed to activate another advance wave. This posted a 1.3945 high with only 35 pips away from the target 1.3980 as we explored 2 days ago.

Intraday Levels now face hitting the support zone at 1.3805-30 which, may push the market again for another advancement toward the target of 1.3980-90.

Below 1.3805 the market faces more drop pressure where it may re-test the 1.3730 support zone before another advance wave heads toward 1.3980-90.


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