GBPUSD Overview, January 31

The USD continues to fall against the likes of the euro, yen and sterling as the FED’s dovish outlook continues to weigh. Brexit still remains the main driving force behind the price action of the GBP.The GBPUSD pair is trading little changed on the upside at around 1.3115.

In fact, the GBPUSD hopped above descending sloping trendline and by breaking above 1.30 it has likewise took the major resistance line.

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.