GBPUSD Daily Analysis – February 9, 2017

GBPUSD is now in downtrend from 1.2706, the rise from 1.2346 is likely correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break above this level could trigger another rise towards 1.3000.

gbpusd chart

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