GBPUSD 12/22/19 Daily Analysis

2019-12-23 02:44:21

GU Long Idea

The weekly trend has been very strong since August 2019

On the daily time frame we’re currently seeing price action test the 38.2% fib level and we’re waiting to see if this support level holds

If the level does hold, we want to see strong bullish setups before going long back to the resistance level around 1.35000

If this trade does execute our target is around 500+ pips away