the EUR/USD is creating triangle between 1.11 support and 1.1150 resistance. The GBP/USD is retesting the 88.6% Fibonacci retracement level at 1.2950.
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The EUR/USD bullish break aims for 1.12 and 1.1250 targets whereas a bearish push is targeting the 1.10 zone.
The GBP/USD bullish bounce indicates a triangle pattern with a rise towards 1.32 whereas a bearish breakout means a zigzag pattern is taking place with a target at 1.2750.
Check out the video below for the full analysis and trade plans on 15 – 17 Jan 2020: