GBPUSD is facing 1.2600 resistance, a break of this level will signal resumption of the uptrend from 1.1986, then further rise to 1.2800 area could be seen. Support is now at 1.2412, a breakdown below this level will confirm that the uptrend had completed at 1.2673 already, then the following downward movement could bring price to 1.2100 zone.

For more short term forex analysis and info visit via GBPUSD Daily Analysis - February 1, 2017 . Thanks for your support.
No comments:
Post a Comment