GBPUSD Daily Forecast: January 11

  @ibtimes on

GBPUSD Forecast:

The GBPUSD is at critical technical phase right now. As you can see in my daily chart below, price is now testing the bearish channel. As long as the bearish channel valid, the bearish scenario should remains intact especially if we have another movement back below 1.6040/00 area again today testing 1.5832 – 1.5900 area. However, a violation to the bearish channel should be seen as bearish failure and could start a new bullish scenario testing 1.6700 area. Immediate resistance at 1.6120/50 area. Break above that area should be seen as serious threat to the bearish scenario.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video