Market Structure Research — Not Predictions

Independent, educational analysis using Elliott Wave structure, time-based corrections, and trend context across global markets.

Saturday, 18 January 2020

GBPUSD: Bull or Bear? 18-Jan-2020

CMP: 1.3015; Res: 1.3331/1.3515; Sup: 1.2953/1.2903.

Primary Scenario:

Can take support of 1.2955 and reverse back to 1.3331-1.3420 before big fall towards 1.2903.

Alternate Scenario:

Successful Break of 1.2953/1.2900, we will see 1.2736-1.2675 initially. Further 1.2552-1.2532, 1.2443-1.2413 can be seen.

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