GBPUSD Forecast, January 28

The GBPUSD pair is currently down to session lows as the USD recoups some balance on the session yet it’s a confusing time for the GBP especially after report by The Sun saying that British PM May is “privately” precluding a no-deal Brexit.

Regardless, Sterling still looks lively in case you’re taking a gander at the charts and the fall here is nevertheless a minor dent in the upside run up so far. Bids are still seen close 1.3150-60 preceding the 1.3105 handle will become next support for buyers.

Technical analysis on daily chart stay bullish. As long as the near term bullish bias doesn’t break  at 1.3065  (100-hour moving average) – buyers should continue to be poised to offer Sterling up in any retracement for now.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.