FX.co - GBP/USD analysis for July 17, 2020 - Watch for selling opporutnities on the rallies due to potential drop towards 1.1250

2020-07-17T11:53:38

Relevance until2020-07-19

Technical analysis:

GBP/USD analysis for July 17, 2020 - Watch for selling opporutnities on the rallies due to potential drop towards 1.1250

GBP has been trading downside. As I expected, the GBP is heading towards the swing low at 1,2480 and i see further downside continuation

Trading recommendation:

Watch for the selling opporutnities in the next period with the downward targets at 1,2480 and 1,2445

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ GBP/USD analysis for July 17, 2020 - Watch for selling opporutnities on the rallies due to potential drop towards 1.1250