GBP/USD - End of January Analysis

Feb 2

With the possibility of Donald Trump imposing tariffs on the UK, the trend to the downside does not look like it is bound for a turn anytime soon.

Monthly, cable closed -0.97% lower with the lower portion of the breaker block being touched ever so slightly @ 1.26156.

I’ll be covering what to expect In the weeks to come.

Feb 4

Note

Cable opened this week with a gigantic gap but filled in very quickly during Monday's session.
The idea was for price to hold inside of the BISI before taking off to the upside, targeting buyside liquidity @ 1.25762.

Tuesdays price action rejected the FVG and closed bullish based on Donald Trumps speech made today.
This gives me the confidence to hold my bullish weekly bias for cable.

1.25236 is the first area of importance as it's the prior weeks high.

Feb 5

Trade active

Cable is edging closer and closer to buyside liquidity outlined from last week.
Yesterday saw the daily BISI supported due to the pauses in tariffs to Canada and Mexico by Donald Trump.

Expecting further upside movement to 1.25762

Feb 8

Note

Weeks price range