British Pound (GBP/USD), Daily Chart Analysis Feb 6
Technical Analysis and Outlook
The currency has completed Currency Dip 1.2937 projection, therefore, expect a possible rebound to Mean Res 1.3064 and /or 1.3112, while on the downside, there is a possibility of a sinking move to Mean Sup 1.2878 and very established Mean Sup 1.2715. (For more Market Commentary, please visit the TradingSig_dot_com).
The currency has completed Currency Dip 1.2937 projection, therefore, expect a possible rebound to Mean Res 1.3064 and /or 1.3112, while on the downside, there is a possibility of a sinking move to Mean Sup 1.2878 and very established Mean Sup 1.2715. (For more Market Commentary, please visit the TradingSig_dot_com).