British Pound (GBP/USD), Daily Chart Analysis Jan 18
Technical Analysis and Outlook
Sterling performed superbly by coming-off of Mean Resistance 1.2876 to fulfill Mean Support 1.2714 trading range for healthy 162 pips down and up in the same session.
On the upside, we have current Key Resistance 1.2990 as a significant roadblock; however, while next Currency Rally 1.3026 is resting comfortably above. (For more Market Commentary, please visit the TradingSig_dot_com).
Sterling performed superbly by coming-off of Mean Resistance 1.2876 to fulfill Mean Support 1.2714 trading range for healthy 162 pips down and up in the same session.
On the upside, we have current Key Resistance 1.2990 as a significant roadblock; however, while next Currency Rally 1.3026 is resting comfortably above. (For more Market Commentary, please visit the TradingSig_dot_com).