British Pound (GBP/USD), Daily Chart Analysis Jan 24
Technical Analysis and Outlook
GBP performed extraordinarily by completing our projected Currency Rally 1.3026 and extending our trade by fulfilling additional Currency Rally 1.3081 (Not shown in previous analysis). The pair is in retreat mode - we have on downside significant Key Sup 1.2878, and very Major Key Sup 1.2714. On the upside, Sterling is in the process confirming END MOVE - this will be known and validated by tomorrow (Friday, Jan 25) (For more Market Commentary, please visit the TradingSig_dot_com).
GBP performed extraordinarily by completing our projected Currency Rally 1.3026 and extending our trade by fulfilling additional Currency Rally 1.3081 (Not shown in previous analysis). The pair is in retreat mode - we have on downside significant Key Sup 1.2878, and very Major Key Sup 1.2714. On the upside, Sterling is in the process confirming END MOVE - this will be known and validated by tomorrow (Friday, Jan 25) (For more Market Commentary, please visit the TradingSig_dot_com).