GBP/USD analysis for January 09, 2019


Recently, the GBP/USD pair has been trading sideways at the price of 1.2734. According to the M15 time frame, I have found that there is a potential change in the trend behavior from the bullish to bearish. I have also found that there is a potential end of the upward correction (abc flat) in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2708 and at the price of 1.2618.

The material has been provided by InstaForex Company -