GBPUSD Daily Analysis – January 17, 2020

GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3284. As long as the channel resistance holds, the downtrend could be expected to resume and further decline to 1.2850 area is possible after the consolidation. On the upside, a breakout of the channel resistance would indicate that … Continue reading “GBPUSD Daily Analysis – January 17, 2020”