GBPUSD 60m chart, expecting a mild bounce
I would not be surprised if price stalled here for the reason that holiday season is coming.
The roller-coaster ride in the last 2 weeks was a perfect example of buy rumor sell fact.
The completion of a 5-wave up, with a quick thrust up to 1.35 on 12/12 London morning, had signified the change of the bigger trend from bearish to bullish. If the price action proves to be corrective, I'd expect GBPUSD to be bullish overall in 2020.
Now, for the immediate forecast, I expect a mild bounce.
Trade with care.
The roller-coaster ride in the last 2 weeks was a perfect example of buy rumor sell fact.
The completion of a 5-wave up, with a quick thrust up to 1.35 on 12/12 London morning, had signified the change of the bigger trend from bearish to bullish. If the price action proves to be corrective, I'd expect GBPUSD to be bullish overall in 2020.
Now, for the immediate forecast, I expect a mild bounce.
Trade with care.
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