GBPUSD Analysis Feb 2020

19-Feb-2020

No change in my view as long as 1.3208/1.3289 holds resistance.

11-Feb-2020

CMP: 1.2960

As long as 1.2893/1.2871 supports, still some upside can be seen.

Lower level tgt done at 1.2968. Further targets: 1.2986-1.2994, 1.3012-1.3023. Res: 1.3070

If 1.3070 resists, we will see 1.2871 again and further 1.2804, 1.2758-1.2740, 1.2640-1.2601...

09-Feb-2020

CMP:1.2884; Res: 1.2989/1.3070
As long as the above resistances hold, we can see more down towards 1.2903/1.2827 first.
Further targets: 1.2634-1.2593-1.2552.
Sellers SL 1.3070/1.3205 max.

Alternatively, if this down move going to be an ending diagonal as 3 wave moves, we can see 1.2989/1.3070.
But As long as 1.3205 holds resistance, still I am bearish.