1612 P7/8 GBPUSD might facing a correction down to 1.29-1.303

After the election, now GBP is more related with economic data than political factor in the last 2 trading weeks of 2019.

Back to this weekly chart, GBPUSD is very possible to retrace back to 1.29-1.303 from fibo 0.618 of a grand super trend start from April 2018.

We are now only expecting a small correction like FIBO 0.382, so 1.29-1.303 is the target zone for sellers once selling signal appear.

Good luck!!!
LESS IS MORE!