British Pound (GBP/USD), Daily Chart Analysis Jan 30
Technical Analysis and Outlook
The currency has created a new Key Res 1.3194 just shy of completing our Currency Rally 1.3242, therefore, expect a retest of this significant development in the intermediate time-frame. On the downside, there is a possibility of a pullback to Mean Sup 1.2957 before the up-movement. (For more Market Commentary, please visit the TradingSig_dot_com).
The currency has created a new Key Res 1.3194 just shy of completing our Currency Rally 1.3242, therefore, expect a retest of this significant development in the intermediate time-frame. On the downside, there is a possibility of a pullback to Mean Sup 1.2957 before the up-movement. (For more Market Commentary, please visit the TradingSig_dot_com).